It continued to subsidize a number of inefficient major industries in order to prevent massive layoffs and social unrest.

Trading volumes are down, as is bank lending, and there have been major layoffs in financial centers around the globe.

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So far it's meant layoffs, increased class sizes.

Yet, of the company s 102,000 employees, only 27 favored layoffs.

When layoffs were necessary, black employees were the first to go.

Enterprises could not sell their output, leading to production cuts and layoffs.

Such a dramatic fall in sales would normally require massive layoffs or lower wages.

Rather than resorting to extensive layoffs, firms had their employees work a partial week.

There is, however, an aspect of the problem that is different this time layoffs in construction.

With fewer firm specific skills than their German counterparts, American workers are more susceptible to layoffs.

With European export orders canceled en masse, Chinese factories are faced with the prospect of massive layoffs.

But, because these policies increase the cost of fuel and electricity, they imply layoffs elsewhere, across many different economic sectors.

This includes training retraining for the unemployed, workers in mass layoffs and youth to increase the quantity of work supply.

This is the first time we started to see massive layoffs of human beings in order to make the numbers work.

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Deflation also magnified the real value of wages and salaries, thereby fueling layoffs and unemployment. Failure to hedge or index brought us the Great Depression.

Likewise, transfers to state and local governments, which have limited constitutional scope to borrow, would help slow down wrenching layoffs of teachers, firefighters, and police.

Moreover, many employers, seeking to share the pain of recession and slow down layoffs, are now asking workers to accept cuts in both hours and hourly wages.

Job losses occurred in Mississippi and Louisiana however, they also occurred in faraway Michigan, where layoffs of almost 3,000 auto workers were directly attributed to the hurricanes.

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That experience confirms that, in spite of all your limitations all your wants, desires, unfulfilled, and the credit cards and layoffs and, finally, baldness you can be happy.

The resulting layoffs of Chinese factory workers has caused second round declines in local demand for Chinese goods and services, as Chinese households cut back on their spending.

That experience confirms that, in spite of all your limitations all your wants, desires, unfulfilled, and the credit cards and layoffs and, finally, baldness you can be happy.

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Germany s labor code bars such layoffs, but German employers also are presumably less inclined than US employers to shed workers, because they have invested more in their companies human capital.

In his book Why Wages Don t Fall During a Recession, Truman Bewley of Yale University reported on an extensive set of interviews with business managers involved with wage setting and layoffs.

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18. In developed countries, as a result of industrial restructuring in the context of persisting gender related wage differentials, layoffs undertaken to achieve cost reduction were often geared towards higher paid workers.

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Increasing labor market flexibility by reducing the costs of shedding workers will lead in the short run to more layoffs in the public and private sector, exacerbating the fall in incomes and demand.

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