I saw one jobs headline (the AP story while using the Wii) this weekend that was important:
BT May Slash 10,000 Jobs, Dividend By 60%, Sunday Times Says — Round 2 will be just as big as round 1. That’s scary. 10,000 jobs is big news anywhere.
That’s the big news. I also saw these two headlines today:
Qantas Slashes Profit Forecast, to Cut Jobs, Flights — This was a driver in the Australian markets today (apparently; I shamefully admit that I don’t follow their economy outside of currency moves and a bit of mining industry happenings).
Iberia Plans Job Cuts at Airport Handling Unit, Expansion Says — I picked this just to stress that Australia isn’t the only place with airline problems (by far).
This was another jobs headline worth looking at that upset me:
Alcoa May Cut Quebec Output Without Wage Concessions — I don’t know why this upset me so much. I should expect bad corporate behavior from these guys. Maybe I just have a soft spot for Canadians. Their mining industry has gone down the toilet in the last year.
