LayoffBlog.com

March 13, 2009

Sunoco To Cut 20% Of Salaried Workers In Pa.

Filed under: oil,US — DF @ 11:47 am
Tags: , , ,

According to CNNMoney: “Sunoco Inc. (SUN) announced Friday that it will cut 750 jobs, 20% of the salaried work force, at its Philadelphia headquarters and two area refineries in an attempt to better perform during downturns in oil refining.”

November 21, 2008

Russia: Unpaid Wages Spur Reminders of 1998

According to WSJ: “Russians have begun to feel the chill of the financial crisis, as it triggers layoffs and wage-payment delays reminiscent of the economic collapse in the late 1990s.

On Thursday, Prime Minister Vladimir Putin promised new measures, including lower corporate taxes and higher unemployment payments, in addition to an existing bailout package.

Government data show that wage arrears jumped in October to over four billion rubles ($145 million), their highest level in a year, and that firms owe back pay to 300,000 people. Economists say the real figures are likely to be higher, though far below those seen in the 1990s, when tens of millions of people were affected. Then, workers went without salaries for months on end, sparking nationwide protests.”

November 20, 2008

Clean up your locker and hit the road, Mr. Murti at Goldman Sachs

According to NY Times (05/21/2008): “An analyst at Goldman Sachs, Mr. Murti has become the talk of the oil market by issuing one sensational forecast after another. Mr. Murti remembers the pain of the oil shocks of the 1970s. But he is bracing for something far worse now: He foresees a “super spike” — a price surge that will soon drive crude oil to $200 a barrel.”

According to CNN Money (11/20/2008): “crude futures fell $4 to settle at $49.62 a barrel, the lowest settle price since May 23, 2005”.

LayoffBlog.com comment: “Clean up your locker and hit the road, Mr. Murti”.

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