more job loss--economy is getting stronger my ass

[greenbriar]

PITTSBURGH - Alcoa Inc., the world's largest aluminum producer, will cut about 6,500 jobs globally — or 5 percent of its work force — in the next year, most of them in its automotive businesses, as part of a restructuring aimed at saving the company $150 million a year.

The company said it plans to cut about 3,500 jobs in its automotive divisions. The cuts include previously announced plans to shutter its Hawesville, Ky., automotive plant, as well as cutting 2,500 jobs in its AFL automotive wire harness business.

http://news.yahoo.com/s/ap/20050624/ap_on_bi_ge/alcoa_job_cuts

[spanone]

1. What economy? No one speaks of it. Isn't it 'robust'?

The economy has been stagnant since Bush* was installed.

[ComerPerro]

2. The tax cuts are working

It just takes them more than five years to really get going, apparently.

:sarcasm:

[Fire Walk With Me]

4. Remember how Montgomery Burns described "trickle-down economics"

Eventually, a quarter will come loose and roll down from the millionaire's hilltop mansion to the little people.

That was years ago. Adjusting for inflation and recession, there is no quarter on the way.

[Fire Walk With Me]

3. IBM as well.

http://www.grant-thornton.co.uk/pages/press_room-other_news-ibm_cuts_13,000_jobs.html

Computer giant IBM will cut 13,000 jobs worldwide in a major restructuring aimed at saving £890 million and reviving growth.




http://www.hindustantimes.com/2005/Jun/22/181_1407429,0003.htm

Armonk, New York-based IBM sold its personal computer unit and plans to cut 13,000 jobs mostly in Europe as it focuses on high-growth countries such as India and China and more profitable operations including services.