Timesizing® Associates
hopes/dooms du jour, Sept/2002
[Commentary] ©2002 Phil Hyde, The Timesizing Wire, Box 117, Harvard Sq, Cambridge MA 02238 USA (617) 623-8080 - HOMEPAGE
week ending 9/29-30/2002
9/28/2002 sat (re fri biz)
9/27/2002 fri
9/26/2002 thu
9/25/2002 wed
9/24/2002 tue
week ending 9/22-23/2002
9/21/2002 sat (re fri biz)
9/20/2002 fri
9/19/2002 thu
9/18/2002 wed
9/17/2002 tue
week ending 9/15-16/2002
9/14/2002 sat (re fri biz)
9/13/2002 friday the 13th!
9/12/2002 thu
9/11/2002 wed
9/10/2002 tue
week ending 9/08-09/2002
9/07/2002 sat (re fri biz)
9/06/2002 fri
9/05/2002 thu
9/04/2002 wed
9/03/2002 tue
week ending 9/01-02/2002
Click here for dooms du jour in -
Questions, comments, feedback? Phone 617-623-8080 (Boston) or email us.
/// six issues per week (playing catchup) - average hits per issue last week = 62 ///
weekend roundup, mostly from the NY Times & the Wall Street Journal:
17 TIMEsizing stories (?? jobs saved) &
2 UPsizings (12,350 new jobs) reported
vs. doom of the week:
18 downsizings, totaling over 25,453 lost jobs
1 makework item (?? new "jobs," YTD 146000)
1 eroded-
retirement story
5 bankruptcies, totaling over $77.8m in debt
2 homelessness stories
3 prison stories
YTD:
399 tmsz(82530+ jobs)+125 upsz(96852+=27%)
vs. 572 dnsz(829731+)+138 bkrp($72.3B+)+52 hmls+67 jail+28 vilc
- hope of the weekend -
timesizing consciousness in the news:
Phil Hyde's letter to Times wants substitute work sharing for unemployment coverup
employers obsess over time for lunch & bathroom
seminar on slavery = unlimited workweek
vs. doom of the weekend -
headlines from hell:
# Americans without health insurance rose 3½% last 2 yrs
competitive pressures & slowing volume encourage mergers - in all industries
+ 3 bankruptcies:
Asbestos Claims Management
Velocita
Knology Broadband
+ work-related suicide:
Nebraska trooper, guilt ridden, turns service revolver on self
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
Japan recognizes an unusual case of karoshi = death from overwork
vs. doom du jourtm
4 downsizings, totaling 4092 +?? lost jobs, reported in WSJ &/or NYT:
2000 Canada jobcuts by Bombardier
1850 cuts by MobilCom in Germany
15% workforce cut (242 lost US jobs) by Varian Semiconductor Equipment Assocs, instead of just trimming its workweek 15% (to four 8½-hour days for whole company including top executives), re-investing overtime savings in overtime-targeted training, & keeping everyone together working, earning & buying 85% as much technology as usual
unspecified US cuts by Meadwestvaco
+ 1 prison item:
new film portrays life in Irish 'prison convents'
- miss yesterday's hope du jour? see Features below -
basic timesizing, and timesizing consciousness, in the news:
South Korea to 'take the plunge' & cut from 44 to 40-hr workweek
AARP honors Stanley Group for, e.g., job sharing, reduced worktime
NYT survey finds respondents who work full-time work 50 hours/week
3 Bangladeshis tour U.S. to publicize 98-hr workweeks at Shah Makhdum factory in Dhaka
vs. doom du jourtm
today's headlines from helltm
America's global soupirants obsess about U.S. economy
W.'s "security strategy" = America über alles
the real mystery of the Calif. energy crisis
+ 5 downsizings, totaling 17,996 lost jobs, reported in WSJ &/or NYT:
7980 jobcuts by Allianz unit, Dresdner (Kleinwort Wasserstein) Bank of Frankfurt
3.5% workforce cut (7000 more lost US jobs) as SBC continues its gratuitous downward spiral, instead of just trimming its workweek by 3.5% (17 minutes a day for whole company including top executives), re-investing overtime savings in overtime-targeted training, & keeping everyone together working, earning & banking 96.5% as much as usual
2750 jobcuts by Aetna
166 by Manugistics
100 by GoAmerica
+ homelessness in the news:
advocate fears siphoning of homeless kids into foster care
- miss yesterday's hope du jour? see Features below -
basic timesizing in the news:
another firm honored by Working Mother mag for job sharing = BP America
& one firm reamed for dissing overtime rules = Einstein Brothers Bagels
vs. doom du jourtm
6 downsizings, totaling 3240 +?? lost jobs, reported in WSJ &/or NYT:
13.3% workforce cut (1,800 more lost jobs) as HP continues its unnecessary merger-caused death spiral, instead of just trimming its workweek by 13.3% (to five 6hr-56min days for whole company including Carly Fiorina), re-investing overtime savings in overtime-targeted training, & keeping everyone together working, earning & buying 86.7% as many PCs as usual
800 jobcuts by Andrew Corp. cable
450 by Goodyear Tire
110 by Organogenesis
80 by Handspring, and
unspecified WV cuts by Alcoa
+ 2 bankruptcies in Wall St Journal (WSJ) &/or NY Times (NYT):
LJM2 Co-Investment, an Enron shill, owing $70m, &
Organogenesis, owing $7.8m net
+ homelessness in the news:
cops bust 2 Vegas kids for getting homeless to fight on video
- miss yesterday's hope du jour? see Features below -
basic timesizing in the news - 4 firms honored by Working Mother mag for job sharing
and other conveniences:
Bristol-Myers Squibb
CIGNA
Lincoln Financial Group
Roche
+ today's headlines from heaventm
2 UPsizings, totaling 12,350 jobs:
- 10,000 at Lowe's over next 5 years - 2,350 at Roadway Corporation already this year
Germany blocks EU's latest try at zapping VW's takeover defense but no one else's
Germany is also blocking layoffs, despite short-sighted employers' whining
'HongKong North' in Korea?
Al Gore finally rips W.'s Iraq 'strategy'
vs. doom du jourtm
today's headlines from helltm
US poverty rate rose - middle class poorer
billions of dollars in personal assets are gathering dust = sign of depression
+ makework rampant:
hearings set on advertising govt's own big 'replace your TV' scam
+ 2 bankruptcies in Wall St Journal (WSJ) &/or NY Times (NYT):
Communication Dynamics
SAirGroup Finance
+ 1 prison item:
Vt. judge follows NYC judge in calling new federal death-penalty law unconstitutional
- miss yesterday's hope du jour? see Features below -
basic timesizing & timesizing consciousness in the news:
Canadian employers have been cutting hours, not jobs, & reaping stronger recovery
AARP lauds Baptist Health So.Fla. for job sharing & other practices appreciated by over-50-yr-olds
AIM fingers not letting staff say no to overwork for underachievement & customer dissatisfaction
Cuisine Solutions credits 35-hr workweek in France for its increase in food sales
but meanwhile, Australia nationwide is getting 'Wal-Mart disease'
vs. doom du jourtm
today's headlines from helltm
hemorrhaging democracy in America
costs of W's attempted war of distraction for America's working poor
+ 1 downsizing, totaling 50 lost jobs, reported in WSJ &/or NYT &/or BG (Boston Globe):
50 jobcuts as Applied Extrusion Technologies slams it Boston office in self-fulfilling expectation of loss
+ 1 bankruptcy in Wall St Journal (WSJ) &/or NY Times (NYT):
Cedar Chemical & Vicksburg Chemical
/// six issues per week (delayed by travel) - average hits per issue last week = 68 ///
weekend roundup, mostly from the NY Times & the Wall Street Journal:
9 TIMEsizing stories (?? jobs saved) &
1 UPsizing (700 new jobs) reported
vs. doom of the week:
3 homelessness stories
2 prison stories
3 work-linked murder/suicides
2 eroded-retirement stories
2 makework items (100000 new "jobs," YTD 146000)
13 downsizings, totaling over 16,122 lost jobs
5 bankruptcies, totaling over $?? in debt
YTD:
382 tmsz(82530+ jobs)+123 upsz(84502+=26%)
vs. 554 dnsz(804278+)+133 bkrp($72.2B+)+50 hmls+64 jail+28 vilc
- hope of the weekend -
pre-timesizing in the news:
tho 72% of Brits believe it will hobble their careers, 67% want flextime
+ headlines from heaven:
columnist in Philly pops the question, how many people can U.S. hold?
buoyed by his criticism of Dubya's radical warlust, Schroeder wins election in Germany
vs. doom of the weekend -
headlines from hell:
obscene CEO pay spurs calls for curbs
cautious Iraq info from CIA filtered out of what Dubya hears
+ retirement omens:
over 1.5m people live in 17,000 nursing homes nationwide -
over 85 population will double in next generation & understaffing already acute
+ 2 downsizings, totaling 75 +?? jobcuts:
2.4% of workforce cut (75 lost Mass. jobs) as Avici Systems internet
traffic controllers shuts a plant thereby reducing costs (& markets), instead of just trimming its workweek by
2.4% (12 minutes a day for whole firm including top execs), implementing overtime-targeted training
& keeping everyone together working, earning & spending 97.6% as much as before
unspecified Pa. cuts as U.Penn. Medical Center closes Garfield Heights health center
+ 1 prison story:
Calif. bans explicit pornography because of female guards' complaints
- miss yesterday's hope du jour? see Features below -
primitive timesizing in the news:
French govt has carefully disguised dilution of 35-hr week to fool unions
new French rightist govt plans to reimburse health service for staff added due to shorter workweek
+ today's headlines from heaventm
Dennis Kucinich & 18 Dem. & indep. reps oppose starting war
Dubya sets 70,000 cap on refugees Russia's population is shrinking without gov't effort
vs. doom du jourtm
today's headlines from helltm
arbitrary lockstep nationwide poverty line is still $18,100/yr for family of 4
Bush is prying open a can of worms by trying to switch from deterrence to first-strike
+ 2 downsizings, totaling 10,720 lost jobs, reported in Wall St Journal (WSJ) and/or NY Times (NYT):
14% workforce cut (10,000 more lost jobs) as Alcatel telecom gear pushes the downward spiral in customer
spending, instead of just trimming its workweek by 14% (to five 6hr-53min days for whole company
including top executives), re-investing overtime savings in overtime-targeted training, & keeping
everyone together working, earning & buying 86% as much phonerphanalia as usual
720 jobcuts by Ciena
+ 1 prison item:
28 inmates die in Dominican Republic riot, 100 hurt
+ homelessness in the news:
15,000 homeless mentally ill now cost NY state $40k each
- miss yesterday's hope du jour? see Features below -
primitive timesizing in the news:
(1975 - golden oldie) American Optical employees in St. Louis get together to trim hours, not jobs
+ today's headline from heaventm
layoff-inducing mergers are down 45% so far this year
vs. doom du jourtm
today's headline from helltm
Krugman sees parallel & worsening of 1990 recession
+ 4 downsizings, totaling 928 lost jobs, reported in Wall St Journal (WSJ) and/or NY Times (NYT):
6.6% workforce cut (425 lost jobs) as Furniture Brands International closes a plant & worsens sluggish demand, instead
of just trimming its workweek by 6.6% (32 mins/day for whole company including top executives), re-investing overtime
savings in overtime-targeted training, & keeping everyone working, earning & buying 93.4% as much furniture as usual
400 UK jobcuts by Ford's Jaguar unit
60 cuts by Los Angeles RC Archdiocese
43 by AmeriServ Financial
+ homelessness in the news:
Bloomberg agrees to close jail 'shelter' & pony up $$millions held over from Giuliani yrs
+ 1 prison item:
'your tax dollars at work' - Pennsylvania prison releases wrong inmate, son instead of father
+ 1 case of work-related murder:
Kansas City lawyer kills law partner for $$, a first in 25 yrs
- late edition -
timesizing consciousness in the news:
France gets ready to blow out its new overtime limits
the change will effectively take France back to its previous 39-hour workweek
vs. doom du jourtm
today's headlines from helltm
nothing substantial to underpin stocks
22% of '99 startups flopped, compared to only 15% in previous 7 yrs
childcare prices rose 6.4% last year, outstripping housing, food & college
+ eroded retirement:
# of over-65 Americans still working grew an average of 3.5% over last two years
+ 1 downsizing, totaling ?? lost jobs, reported in Wall St Journal (WSJ) and/or NY Times (NYT):
unspecified Calif. jobcuts by General Magic
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
French "conservatives" re-open economy to layoffs, overwork, joblessness & shrinking markets
+ today's headlines from heaventm
majority of Americans not 4-square behind Dubya but perplexed
Sun ready to push Linux as alternative to Microsoft
vs. doom du jourtm
today's headlines from helltm
dollar down & blue chips too over Iraq
+ 4 downsizings, totaling 2774 lost jobs, reported in Wall St Journal (WSJ) and/or NY Times (NYT):
67% workforce cut (1050 lost jobs) as Alcatel continues its vrille, instead of just trimming its workweek by 67% (to
four 3.3-hour days for whole company including top executives), re-investing overtime savings in overtime-targeted
training, & keeping everyone together working, earning & consuming 33% as many telecom services as before
900 jobcuts by Charles Schwab
524 cuts by TAM Linhas Aereas
300 by Nokia
+ 1 case of work-related murder:
shopkeeper poisons rival's pastries, 38 schoolkids & soldiers die, 6 others ill
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
Wall St Journal does an about-face & praises doing more in less time
misnamed 'conservatives' in Portugal still equate more output with more worktime
+ today's headlines from heaventm
1 UPsizing - 700 new jobs as Toyota Canada boosts output
vs. doom du jourtm
makework rampant:
100,000 new reservation 'jobs' targeted by major powwow in Phoenix
+ 2 downsizings, totaling 1700 lost jobs, reported in Wall St Journal (WSJ) and/or NY Times (NYT):
19% workforce cut (1550 lost jobs) as WorldCom pursues its death spiral, instead of just trimming its workweek by
19% (to four 8-hour 6-minute days for whole company including top executives), re-investing overtime savings
in overtime-targeted training, & keeping everyone together working, earning & consuming
81% as many telecom services as before (or 119% because they have more free time)
130 jobcuts by Premcor
(+ 20 uncounted cuts by Publicis)
+ 3 bankruptcies in WSJ &/or NYT:
Bangor & Aroostook RR
State Line & Silver Smith Casino Resorts
ACandS insulation
+ 1 case of work-related suicide:
insurance exec in NYC shoots 2 co-workers, then himself
/// six issues per week - average hits per issue last week = 55 ///
weekend roundup per the NY Times & the Wall Street Journal:
7 TIMEsizing stories (?? jobs saved) &
0 UPsizings (0 new jobs) reported
vs. doom of the week:
17 downsizings, totaling over 17,560 lost jobs
2 eroded-retirement stories
1 makework item (9,000 new "jobs")
4 bankruptcies, totaling over $500m in debt
YTD:
373 tmsz(82530+ jobs)+122 upsz(83802+=27%)
vs. 541 dnsz(788156+)+128 bkrp($72.2B+)+47 hmls+62 jail+25 vilc
- hope of the weekend -
timesizing in the news:
Reuters fears for Hyundai's profit if S. Korea cuts to 5-day, 40-hr workweek
+ headlines from heaven:
Maureen Dowd captures & pillories Dubya's M.O.
Bronxville reader says US employees should have so-called "stagnation" they have in Germany
vs. doom of the weekend -
headlines from hell:
Enron shafted California
Iraq war would cost $100-200 billion - Bush aide
+ 2 bankruptcies, Chap.11:
American Homepatient
Stirling Chemicals Holdings
+ retirement omens:
benefits for retirees in America's 'wonderful' healthcare system are drying up fast
+ makework rampant:
US Export-Import Bank - another makework bureaucracy that worksharing would dismantle
+ homelessness in the news:
with homeless increasing by 1/3 per yr & costing nearly
$34,000/family/yr, NYC wants to enforce 'beggars can't be choosers'
- miss yesterday's hope du jour? see Features below -
primitive timesizing in the news:
Organogenesis of Canton MA saves est. 8 jobs by furloughing 110 people for up to 2 wks
vs. doom du jourtm
2 downsizings, totaling 7550 lost jobs, reported in Wall St Journal (WSJ) and/or NY Times (NYT):
further 17.5% workforce cut (7000 lost jobs) as Lucent comm gear worsens lagging sales & spurs own death spiral,
instead of just trimming its workweek 17.5% (to five 6.6-hour days for whole company including top executives),
re-investing overtime savings in overtime-targeted training, & keeping everyone together working, earning
& buying 82.5% as much technology as usual
550 jobcuts by Kwikset
+ 1 bankruptcy in WSJ &/or NYT:
Elektrim telecomms files in Warsaw, with $500m debt
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
Sweden's Green Party advocates shorter workweek in Sept. 15 general election
vs. doom du jourtm
today's headlines from helltm
Tyco's Kozlowski & buds sink into ever deeper doodoo
Dubya's State Department website has illegal partisan link to GOP join&buy site
guess who's copying Dubya's let's-all-pile-on-Iraq war of distraction - Putin vs. Georgia
+ eroded retirement:
surprise! - few are using 'catch-up' provisions on their retirement investments
+ 3 downsizings, totaling 7950 lost jobs, reported in Wall St Journal (WSJ) and/or NY Times (NYT):
further 4% workforce cut (4700 lost jobs) as Bayer spurs economic slump & lagging sales, instead of just trim-
ming its workweek 4% (19 mins/day for whole company including top executives), re-investing overtime savings
in overtime-targeted training, & keeping everyone together working, earning & buying 96% as many aspirins as usual
3000 more cuts by Fujitsu
250 cuts by Midwest Express
+ 1 bankruptcy in WSJ &/or NYT:
PurchasePro.com files
- miss yesterday's hope du jour? see Features below -
primitive timesizing in the news:
South Korea angles to cut nationwide workweek from 44 hours to 40 (5½ to 5 days)
meanwhile masochistic Americans are increasing their own & their kids' workweeks
+ today's headlines from heaventm
new software to let quadriplegics write with eye movements
digital TV, happily delayed 
Linux on PCs challenges Microsoft 
NY Fed prez urges CEOs to
cut own pay 
more exposure of the kamekazi stupidity of becoming world's biggest aggressor
both Canada & US have healthcare problems, meanwhile ALL Canadians are covered
vs. doom du jourtm
today's headlines from helltm
economy in 6-wk slowdown
another taxbreak for those who need it least
another stock adviser found suckering his clients
+ 3 downsizings, totaling 512+?? lost jobs, reported in Wall St Journal (WSJ) and/or NY Times (NYT):
500 jobcuts by Jabil Circuit
7% workforce cut (12 lost jobs) as Performance Technologies networking gear overreacts to loss & trims 'expenses' by
trimming employees (& markets), instead of just trimming its workweek 7% (34 mins/day for whole company including top
executives), re-investing overtime savings in overtime-targeted training, & keeping everyone together working, earning &
shopping 93% as much as usual
unspecified cuts by Leggett & Platt
+ makework rampant:
French rightwing sinks right back to military makework, expands armed forces by 9,000 new 'jobs'
+ 2 bankruptcies in NYT &/or WSJ:
Metals USA filed Chapter 11 in Nov.
Network Access Solutions & NASOP filed Ch. 11 in Aug.
- miss yesterday's hope du jour? see Features below -
primitive timesizing in the news:
(5/19a) Japanese discussion of Dutch work sharing (beefing up part time)
reveals a flaw - the Dutch still haven't escaped the Chesterton pan-utopian trap
+ today's headlines from heaventm
Europeans curb their appetite for the Wall Street casino
Switzerland follows citizens' behest & at last becomes member of U.N. (the 190th)
Daniel Barenboim is another heroic Israeli who stands up to Sharon
vs. doom du jourtm
today's headlines from helltm
Dubya wants to flick away Iraq without up-to-date arms info
Flori-duh spends $30m on ballot reform & still screws it up
Martha Stewart gets lucky
+ 3 downsizings, totaling 485+?? lost jobs, reported in Wall St Journal (WSJ) &/or NY Times (NYT):
345 jobcuts as Phoenix-based copper producer Phelps Dodge 'temporarily' idles plants in NC & NJ
33% workforce cut (140 lost jobs) as Avanex optical parts outsources jobs (& markets) to China, instead of trimming its
workweek by 33% (to four 6hr40min days for whole company including top executives), re-investing overtime savings in
overtime-targeted training, & keeping everyone together working, earning & spending 67% as much as usual
unspecified cuts as Mediaport closes
- miss yesterday's hope du jour? see Features below -
primitive timesizing in the news:
(5/19) Japan eyes Dutch approach to work sharing = beefing up part time
vs. doom du jourtm
today's headlines from helltm
foreclosures hit record levels
a secret tax break available only to those with $5m plus willingness to keep the secret
+ eroded retirement:
Cheney fiddled 400 people out of their pensions while CEO of Halliburton & grabbed the money
+ 5 downsizings, totaling 1048+?? lost jobs, reported in Wall Street Journal (WSJ) and/or The New York Times (NYT):
2.4% workforce cut (400 lost Swedish jobs) as Telia fiber optics cuts costs (& markets), instead of just trimming its
workweek by 2.4% (= 12 mins/day for whole company including top executives), re-investing overtime savings in
overtime-targeted training, & keeping everyone together working, earning & shopping 97.6% as much as usual
400 UK & Dutch cuts by Interbrew
220 US cuts by Quantum
28 by Immune Responses
unspecified cuts as Warnaco Group closes 26 stores
/// six issues per week - average hits per issue last week = 51 ///
weekend roundup per the NY Times & the Wall Street Journal:
12 TIMEsizing stories (?? jobs saved) &
3 UPsizings (62+ new jobs) reported
vs. doom of the week:
20 downsizings, totaling over 37,168 lost jobs
2 makework items (39,000 new "jobs")
2 bankruptcies
YTD:
366 tmsz(82530+ jobs)+122 upsz(83802+=27%)
vs. 524 dnsz(770596+)+124 bkrp($71.7B+)+47 hmls+62 jail+25 vilc
- hope of the weekend -
timesizing in the news:
NSW, Australia is losing teachers from overwork as USA is losing nurses
+ headlines from heaven:
'boring' is back as old-economy firms outlast new-economy flashes-in-pan
readers hammer corporate cost cuts as recession-inducing
sick Yankees seek hemp's relief in drug-war-free Canada
vs. doom of the weekend -
headlines from hell:
long-term jobless jumped 50% in each of the last 2 years
orders for machine tools drop 21% nationwide, 52% in the South, PC sales to slump
80% of Americans believe we're still in recession & that's more important than Iraq etc.
+ retirement omens:
in last 12-mon, over-55s in workforce swelled by 7% while all other age groups shrank
+ 1 downsizing, totaling 15 jobcuts reported in New York Times (NYT):
15 NYC jobcuts as dRush ad agency dissolves
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
French unions fear Chirac's overtime sleight-of-hand will simply restore the old 39-hour workweek
+ today's headlines from heaventm
women threaten boycott (girlcott?) of Nigeria beauty contest over unwed mom's stoning sentence
bank secrecy - EU pressures Swiss to quit gaining tax revenue from diminishing that of others
Canada created 396,000 jobs Jan-Aug, most since '94, but unemployment still 7½%
vs. doom du jourtm
today's headlines from helltm
carsales boom due to temporary zero% financing & home refi's
Microsoft forgives $15m 'loan' to former executive
FCC considers easing path for media monopolies
Jo'burg - other countries worn down by US rejection of timetables for action
+ makework rampant:
August's entire 39,000-job gain in US employment
came from new airport security guards & other gov't employees
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
several U.S. libraries are reducing job cuts with hours cuts & 2-wk shutdowns
Pinault-Printemps-Redoute exemplifies another French company that fights the 35-hr workweek
& its contribution to future consumer markets
+ today's headlines from heaventm
a conservative finds reason for Iraq jitters in recent US war games
finally a Democrat speaks out on Iraq - Sen. John Kerry of Massachusetts
vs. doom du jourtm
today's headlines from helltm
a 'stumbling recovery'
lavish lifetime perks for once-worshipped Welch of GE while small employers slash health benefits
Dubya's distIraqtion from domestic issues
Krugman linguistically analyzes Dubya' Kafkaesque-Orwellianism
+ 6 downsizings, totaling 8210 lost jobs, reported in Wall St Journal (WSJ) &/or NY Times (NYT):
6% workforce cut (4500 lost jobs) as insurer Zurich Financial Services reacts exacerbatingly to 1st ½ loss, instead of just
trimming its workweek by 6% (= 29 mins/day for whole company including top executives), re-investing overtime savings
in overtime-targeted training, & keeping everyone together working, earning & buying 94% as much insurance as usual
1800 jobcuts by PCCW in Hong Kong
950 by Bank Bali
800 US & Irish cuts by Tellabs
100 cuts by Sonicblue
60 by State St Research & Mgmt
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
reader A says employees should demand shorter hours as they demanded childcare 10 yrs ago
reader B calls for family time for family values for quality children for quality employees
+ today's headlines from heaventm
Chainsaw Dunlap gets barred from assuming corporate responsibility for life & fined $½B
behavioral economics makes economics more scientific, vs. simplistic laissez-faire
vs. doom du jourtm
today's headlines from helltm
Cheney & Shrub continue sandbagging on energy taskforce disclosure
NYT raises questions about courts & judges who OK'd secret settlements on RC child molestation
Dubya desperately seeks Congress's rubberstamp to invade Iraq = 'desperately seeking World War III'
nationwide, computer arcades are conditioning kids to fight in Kommandant Busch's wars of distraction
+ 1 downsizings, totaling 1125 lost jobs, reported in Wall St Journal (WSJ) &/or NY Times (NYT):
2% workforce cut (1020 lost jobs) as Northwest Airlines downshifts to fall flight schedule, instead of just trimming its
workweek by 2% (= 10 mins/day for whole company including top executives), re-investing overtime savings in
overtime-targeted training, & keeping everyone together working, earning & spending 98% as much as usual
105 jobcuts by CryoLife
- miss yesterday's hope du jour? see Features below -
timesizing consciousness in the news:
French govt scared to repeal 35-hr law because it's too popular in France
French companies still complaining about 35-hour workweek, ignoring market bonanza
reprise of deteriorating working conditions for Americans - longer hours & more work for same pay
+ today's headlines from heaventm
2 UPsizings - 50 new jobs as Ball Corp expands Milwaukee plant
- unspecified new jobs as Target plans first store in the Bronx at Major Deegan & W 225th
how about field trips to white-collar prisons for students at ethics-challenged B-schools?!
vs. doom du jourtm
today's headlines from helltm
manufacturing remains weak, so...
Dow plunges 355 points, yr's 2d-deepest, and S&P 500 has worst day since right after 9/11
'bad, but' - Bush & IMF snub Argentina, but Buenos Aires has same chance to leap ahead as all the rest
+ 7 downsizings, totaling 2333+?? lost jobs, reported in NY Times (NYT) &/or Wall St Journal (WSJ):
0.2% workforce cut (1400 lost jobs) as the U.S. Postal Service' snailmail battles email, instead of just trimming its
workweek by 0.2% (= only 1 min/day for whole agency including top executives), re-investing overtime savings in
overtime-targeted training, & keeping everyone together working, earning & mailing 99.8% as much as usual
450 jobcuts by Boston University
est. 300 cuts by VW/Mexico
140 by Stilwell Financial
42 by Napster
1 by Kulicke & Soffa
unspecified cuts by Publicis Groupe
- miss yesterday's hope du jour? see Features below -
primitive timesizing in the news:
S. Korea auto mfrs sell more SUVs thanks to new 5-day workweek in financial & public sectors
+ today's headline from heaventm
- 1 UPsizing: 12 new jobs as Lehman Bros. hires in Japan
vs. doom du jourtm
4 downsizings, totaling 19,500+?? lost jobs, reported in NY Times (NYT) &/or Wall St Journal (WSJ):
15,500 jobcuts as Consolidated Freightways collapses in Chapter 11 liquidation due to financing & surety bond gap
5% workforce cut (4000 lost jobs) as IBM's Business Innovation Services unit gobbles PricewatershouseCoopers, instead
of just trimming its joint workweek by 5% (= 24 mins/day for whole firm including top executives), re-investing overtime
savings in overtime-targeted training, & keeping everyone together working, earning & shopping 95% as much as usual
unspecified cuts, as bankrupt Adelphia Comms seeks to end 14 of its 17 local carriers,
& as
Moe Ginsburg Better Men's Clothing sinks from reorg to liquidation in downtown NYC
+ 2 bankruptcies in NYT &/or WSJ:
Consolidated Freightways Corp. files Chapter 11 liquidation
Moe Ginsburg Better Men's Clothing moves from Ch.11 reorg to Ch.11 liquidation due to 9/11
/// six issues per week - average hits per issue last week = 55 ///
weekend roundup per the NY Times & the Wall Street Journal:
10 TIMEsizing stories (60,050+ jobs saved) &
10 UPsizings (50,350+ new jobs) reported
vs. doom of the week:
13 downsizings, totaling over 26,657 lost jobs
1 makework item
2 bankruptcy items
2 homelessness stories
3 prison items
YTD:
354 tmsz(82530+ jobs)+119 upsz(83740+=23%)
vs. 504 dnsz(733428+)+122 bkrp($71.7B+)+47 hmls+62 jail+25 vilc
- hope of the weekend -
timesizing in the news:
1925 Mother Jones quote recalls years of genuinely shortening worktime
today, barely 10% of French leftwing comprehends the critical power lever in shorter workweek
shorter-worktime (SWT) advocate Juliet Schor weakens her SWT advocacy with frugality advocacy
vs. doom of the weekend -
headlines from hell:
Labor Day - US workers are just thankful to have a job (if they still have one)
the low-down on disabled in America - compare homeless & prisoners, & Sweden
poor kids in California come from working families
why Wall Street is a casino that's rigged against you
Export-Import Bank = another reverse Robin Hood
+ makework rampant:
IBM patents a smokescreen to let workers follow sports while looking busy
+ 1 downsizing, totaling 6000 jobcuts reported in New York Times (NYT) & Wall Street Journal (WSJ):
20% of workforce cut as Guatemalan Army slashes costs (& domestic markets!) instead of trimming
its workweek by 20% (to four 8-hour days for whole force including top brass), implementing overtime-
targeted training and keeping everyone together working, earning and shopping 80% as much as before
Aug/2002
July/2002
June/2002
May/2002
Apr/2002
Mar/2002
Feb/2002
Jan/2002
Dec/2001
Nov/2001
Oct/2001
Sept/2001
Aug/2001
July/2001
June/2001
May/2001
Apr/2001
Mar/2001
Feb/2001
Jan/2001.
Dec/2000.
Nov/2000.
Oct/2000.
Sep/2000.
Aug/2000.
July/2000.
June/2000.
May/2000.
Apr/2000.
Mar/2000.
Feb/2000.
Jan/2000.
Dec/99.
Nov/99.
Oct/99.
Sept/99.
Aug-July/99.
Jun-May/99.
before Apr.30/99.
For more details, see our laypersons' guide Timesizing, Not Downsizing, which is available online from *Amazon.com and at bookstores in Harvard and Porter Squares, Cambridge, Mass.