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BFD. Quit crying. It's a freakin blood bath in my industry. Look at these headlines from the last week (all regarding 2009 job cuts on top of the nearly 100,000 industry job cuts of 2008):

Glaxo to cut up to 10,000 jobs
http://biz.yahoo.com/ap/090201/eu_britain_glaxosmithkline.html?.v=1

AstraZeneca to slash another 6,000 jobs
http://www.ft.com/cms/s/0/9bf72df4-...ance&ft_ref=yahoo1&segid=03058&nclick_check=1

Pfizer cuts 10,100 jobs in January
http://www.fool.com/investing/dividends-income/2009/02/09/are-we-already-in-a-depression.aspx

Pfizer / Wyeth to cut another 19,000 jobs in 2009
http://www.marketwatch.com/News/Sto...x?guid={5C8592D2-0025-46AC-9AE4-DFE5A1EE680D}

Merck to cut 7100 jobs
http://biz.yahoo.com/ap/090201/wyeth_impact_new_jersey.html?.v=1

Procter & Gamble exiting Pharmaceuticals
http://news.yahoo.com/s/nm/20090205/bs_nm/us_procterandgamble
 

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BFD. Quit crying. It's a freakin blood bath in my industry. Look at these headlines from the last week (all regarding 2009 job cuts on top of the nearly 100,000 industry job cuts of 2008):

Glaxo to cut up to 10,000 jobs
http://biz.yahoo.com/ap/090201/eu_britain_glaxosmithkline.html?.v=1

AstraZeneca to slash another 6,000 jobs
http://www.ft.com/cms/s/0/9bf72df4-...ance&ft_ref=yahoo1&segid=03058&nclick_check=1

Pfizer cuts 10,100 jobs in January
http://www.fool.com/investing/dividends-income/2009/02/09/are-we-already-in-a-depression.aspx

Pfizer / Wyeth to cut another 19,000 jobs in 2009
http://www.marketwatch.com/News/Sto...x?guid={5C8592D2-0025-46AC-9AE4-DFE5A1EE680D}

Merck to cut 7100 jobs
http://biz.yahoo.com/ap/090201/wyeth_impact_new_jersey.html?.v=1

Procter & Gamble exiting Pharmaceuticals
http://news.yahoo.com/s/nm/20090205/bs_nm/us_procterandgamble
Your right!
As long as they dont impact YOU, then no big deal.

Please make a thread letting us know what impacts you directly, then we will know if is is an issue prior to posting.

Thank you in advance.
 

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End nerd persecution
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I just found out my company is having an all employee meeting this Thursday to discuss the economy/industry and roll out thier countermeasures. I'm sure it's going to be great news......:rolleyes:
 

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I've been on the battleground for 2 years. Lost my Job in 2007, was under review last month when my company cut 10K jobs, and will probably go through it again in 6 months. Welcome to the new economy. Sure to make you loose weight worrying.
 

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hoo dat. wat.
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Not sure if I'll make another cut, but if I do, my salary will decrease 3% for a total of 7% over the last year. At least it's not 10% and I may still have a job.
 

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I got it!..your reply explains this post - http://www.greatlakes4x4.com/showthread.php?t=121676

Stop being such a tool!


BFD. Quit crying. It's a freakin blood bath in my industry. Look at these headlines from the last week (all regarding 2009 job cuts on top of the nearly 100,000 industry job cuts of 2008):

Glaxo to cut up to 10,000 jobs
http://biz.yahoo.com/ap/090201/eu_britain_glaxosmithkline.html?.v=1

AstraZeneca to slash another 6,000 jobs
http://www.ft.com/cms/s/0/9bf72df4-...ance&ft_ref=yahoo1&segid=03058&nclick_check=1

Pfizer cuts 10,100 jobs in January
http://www.fool.com/investing/dividends-income/2009/02/09/are-we-already-in-a-depression.aspx

Pfizer / Wyeth to cut another 19,000 jobs in 2009
http://www.marketwatch.com/News/Sto...x?guid={5C8592D2-0025-46AC-9AE4-DFE5A1EE680D}

Merck to cut 7100 jobs
http://biz.yahoo.com/ap/090201/wyeth_impact_new_jersey.html?.v=1

Procter & Gamble exiting Pharmaceuticals
http://news.yahoo.com/s/nm/20090205/bs_nm/us_procterandgamble
 

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I'm just pointing out that 10,000 jobs to GM might seem like a big deal, but it is pretty much on par with the types of cuts going on across many industries. Yet it seems lately that the auto guys are constantly screaming "the sky is falling" when the cuts hit their industry.

That is all.

And the stimulus plan will put us another trillion in debt, has a 30% chance of having NO impact on the economy, so I am against it.
 

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Hang on to your hat's boys it going to be a ruff year!! And Michigan will take one of the biggest hits I bet.
 

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circling the drain
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BFD. Quit crying. It's a freakin blood bath in my industry. Look at these headlines from the last week (all regarding 2009 job cuts on top of the nearly 100,000 industry job cuts of 2008):

Glaxo to cut up to 10,000 jobs
http://biz.yahoo.com/ap/090201/eu_britain_glaxosmithkline.html?.v=1

AstraZeneca to slash another 6,000 jobs
http://www.ft.com/cms/s/0/9bf72df4-...ance&ft_ref=yahoo1&segid=03058&nclick_check=1

Pfizer cuts 10,100 jobs in January
http://www.fool.com/investing/dividends-income/2009/02/09/are-we-already-in-a-depression.aspx

Pfizer / Wyeth to cut another 19,000 jobs in 2009
http://www.marketwatch.com/News/Sto...x?guid={5C8592D2-0025-46AC-9AE4-DFE5A1EE680D}

Merck to cut 7100 jobs
http://biz.yahoo.com/ap/090201/wyeth_impact_new_jersey.html?.v=1

Procter & Gamble exiting Pharmaceuticals
http://news.yahoo.com/s/nm/20090205/bs_nm/us_procterandgamble
you keep saying industry, yet GM is one COMPANY.
I'm just pointing out that 10,000 jobs to GM might seem like a big deal, but it is pretty much on par with the types of cuts going on across many industries. Yet it seems lately that the auto guys are constantly screaming "the sky is falling" when the cuts hit their industry.

That is all.

And the stimulus plan will put us another trillion in debt, has a 30% chance of having NO impact on the economy, so I am against it.
There you go with that industry shit again. Now, add chrsyler, ford, toyota, supply base, etc tot he mix then compare numbers.

And are you going just auto Idustry or do we count motorized manufacturing? You know caterpillar cut over 20,000 in the past year right?
 

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Let's tally up:

Automobile
GM (One company) : 10,000 jobs
Industry (add Ford, Chrysler, etc) unannounced : 10,000 jobs thus far in 2009

Pharmaceutical
Glaxo (One company) : 10,000 Jobs
Astrazeneca (One company) : 6,000 jobs
Pfizer (One company) : 10,100 jobs
Pfizer + Wyeth (One company post merger) : another 19,000 jobs
Merck (One company) : 7100 jobs
Industry: 52,200 jobs thus far in 2009

So yes, GM is equivalent to each single employer within the Pharmaceutical industry; but the industry as a whole is suffering a lot more than the automotive industry. Are those the metrics you were looking for? And that does not include the suppliers for either industry (which is huge in both cases).

My point, the sky is not falling any more for the automobile industry than for any industry in the US so quit your crying.
 

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Blowd up
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Discussion Starter · #16 ·
Let's tally up:

Automobile
GM (One company) : 10,000 jobs
Industry (add Ford, Chrysler, etc) unannounced : 10,000 jobs thus far in 2009

Pharmaceutical
Glaxo (One company) : 10,000 Jobs
Astrazeneca (One company) : 6,000 jobs
Pfizer (One company) : 10,100 jobs
Pfizer + Wyeth (One company post merger) : another 19,000 jobs
Merck (One company) : 7100 jobs
Industry: 52,200 jobs thus far in 2009

So yes, GM is equivalent to each single employer within the Pharmaceutical industry; but the industry as a whole is suffering a lot more than the automotive industry. Are those the metrics you were looking for? And that does not include the suppliers for either industry (which is huge in both cases).

My point, the sky is not falling any more for the automobile industry than for any industry in the US so quit your crying.
Sorry that it isn't currently going well for your industry, but it still really isn't anything in comparison to the automotive troubles. The pharmaceutical industry has lost about 87,000 jobs world wide since 2000. The automotive industry has lost more than 250,000 in the same period, in the US alone. In 2007 alone Michigan as a whole lost 55000 jobs, while every other state gained or maintained.
 

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Let's tally up:

Automobile
GM (One company) : 10,000 jobs
Industry (add Ford, Chrysler, etc) unannounced : 10,000 jobs thus far in 2009

Pharmaceutical
Glaxo (One company) : 10,000 Jobs
Astrazeneca (One company) : 6,000 jobs
Pfizer (One company) : 10,100 jobs
Pfizer + Wyeth (One company post merger) : another 19,000 jobs
Merck (One company) : 7100 jobs
Industry: 52,200 jobs thus far in 2009

So yes, GM is equivalent to each single employer within the Pharmaceutical industry; but the industry as a whole is suffering a lot more than the automotive industry. Are those the metrics you were looking for? And that does not include the suppliers for either industry (which is huge in both cases).

My point, the sky is not falling any more for the automobile industry than for any industry in the US so quit your crying.
I only like to use some of the available data to.
It is easier to make my argument when I dont let facts get in the way.
 

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I only like to use some of the available data to.
It is easier to make my argument when I dont let facts get in the way.
What? I posted links to all my sources (all from this week in fact)?

I will also look up the cumulative job cuts across Pharmaceuticals since 2000. I know it is more than the 87,000 stated here without a reference. :fish:
 

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2006: 15,638
http://www.metrics2.com/blog/2007/02/01/january_job_cuts_jump_15_to_nearly_62975_but_down.html

2007: 23,291
http://www.msnbc.msn.com/id/20110762/

2008: No reports available.

2009: 52,200 (see references above)

In the past 3 years the pharmaceutical industry has seen over 90,000 jobs cut. So I refute the quoted job loss since 2000 above. However, that is not really my point. It is not a pissing match to see who cuts deeper. My point was that 10,000 jobs by GM is on par with a trend that transcends all industries in the US. Here is an interesting summary of Job cuts in the US from 2008 and projected for 2009. To your point, GM is bleeding pretty bad:

A growing list of the companies worldwide that have laid off workers since the economic downturn began in 2008

Citigroup - 59,000 layoffs
Bank of America - 35,000 layoffs (over 3 years - to 2011)
HP Electronic Data Systems - 24,500 layoffs (over 3 years - to 2011)
Linens 'n Things - 21,250 layoffs
General Motors - 19,000 layoffs
Lehman Brothers - 16,000 layoffs
Alcoa - 15,200 layoffs
Starbuck's - 12,000 layoffs
AT&T - 12,000 layoffs
Wachovia - 11,250 layoffs
BT (British TeleCom) - 10,000 layoffs
DHL (US Division) - 9,500 layoffs
Bennigan's Restaurants - 9,300 layoffs
JP Morgan/Washington Mutual Acquisition - 9,200 layoffs
JP Morgan/Bear Stearns Acquisition - 9,160 layoffs
Dell - 8,900 layoffs
Sony (USA) - 8,000 layoffs
Bank of America (Countrywide) - 7,500 layoffs
Circuit City - 7,305 layoffs
American Express - 7,000 layoffs
NASA - 7,000 layoffs
American Airlines - 7,000 layoffs
Google - 6,000 - 4,300 layoffs
Sun Microsystems - 6,000 layoffs
Credit Suisse - 5,300 layoffs
Merrill Lynch - 5,150 layoffs
Reliance Group - 5,000 layoffs
GMAC - 5,000 layoffs
Dow Chemical - 5,000 layoffs
Morgan Stanley - 4,100 layoffs
Fidelity Investments - 4,000 layoffs
Sprint Nextel - 4,000 layoffs
University of Texas Medical Branch - 3,800 layoffs
Siemens Enterprise Communications - 3,800 layoffs
PepesiCo - 3,300 layoffs
Goldman Sachs - 3,260 layoffs
Lehman Brothers - 2,900 layoffs
Nokia (Manufacturing division) - 2,300 layoffs
Daimler Trucks - 2,100
Nortel Networks - 2,100 layoffs
Chrysler - 1,825 layoffs
International Paper - 1,500 - 1,000 layoffs
Yahoo! - 1,500 - 1,000 layoffs
Goldman Sachs - 1,500 layoffs
HSBC North American Holdings - 1,350 layoffs
Lenovo - 1,250 layoffs
Nissan (UK) - 1,200 layoffs
HSBC - 1,100 layoffs
Hudson's Bay Company - 1,000 layoffs
Macy's - 960 layoffs
Bank of America - 928 layoffs (management)
Lockheed Martin Aeronautics Co - 850 layoffs
Boeing - 800 layoffs
Woolworths - 700 layoffs
Nokia (US Sales) - 650 layoffs
Texas Instruments - 650 layoffs
Adobe Systems - 600 layoffs
Advanced Micro Devices (AMD) - 500 layoffs
Merrill Lynch (Trading division) - 500 layoffs
Level 3 Communications - 450 layoffs
Barclay's - 400 layoffs
E-Trade Financial Corp. - 278 layoffs
Palm - 200 layoffs
Akamai - 110 layoffs

Expected job losses and announced layoffs in 2009

Japan's top 12 automakers - 25,000 combined layoffs expected
Nissan - 20,000 layoffs
Caterpillar - 20,000 layoffs
NEC Corp - 20,000 layoffs
AstraZeneca - 15,000 layoffs by 2013
Panasonic - 15,000 layoffs
KBG Toys - 15,000 expected layoffs
GM - 10,000 layoffs (also cutting pay by 10%)
Boeing - between 4,500 and 10,000 layoffs pending
GlaxoSmithKline PLC - 10,000 job losses expected
Anglo Platinum - 10,000 layoffs
Sprint Nextel - 8,000 layoffs (14% of staff)
Pfizer Pharmaceutical - 8,000 layoffs (by end of 2011) : Note, since the announced merger with Wyeth this number has now increased to 19,000 across the two companies.
Hitachi - 7,000 layoffs
Home Depot - 7,000 layoffs
Starbucks - 6,700 layoffs
ING - 7,000 layoffs
Phillips Electronics - 6,000 layoffs
Intel - 6,000 layoffs (second round)
PNC Financial - 5,800 layoffs
Whirlpool - 5,000 expected layoffs
Microsoft - 5,000 layoffs
Ericsson - 5,000 layoffs
Freescale - 4,800 layoffs
Kodak - 4,500 layoffs
Toshiba - 4,500 layoffs
Texas Inetrument - 3,400 layoffs
Cisco - 3,000 layoffs
IBM - 2,800 layoffs
Royal Bank of Scotland (RBS) - 2,300 layoffs
Estee Lauder - 2,000 layoffs
General Motors - additional 2,000 layoffs over 2008 total
Swiss bank UBS AG - 2,000 layoffs
Fidelity Investments - 1,700 layoffs (second round of 4,000 job cuts announced in 2008)
Bell Canada - 1,500 early retirement buy outs
Sun Microsystems - 1,300 layoffs
Unisys - 1,300 layoffs
Time/Warner (TV) - 1,250 layoffs
Harley Davidson - 1,100 layoffs
United Airlines - 1,000 layoffs
Walgreen's - 1,000 layoffs
Liz Claiborne - 725 layoffs
AOL - 700 layoffs
John Deere - 200 layoffs
Walt Disney - 200 layoffs
Michelin Canada - 95 layoffs
Dow Chemicals - unspecified number of expected layoffs
BigLots - unspecified number of expected layoffs
AK Steel - unspecified number of expected layoffs
Waterford/Wedgewood - unspecified number of layoffs
Source: http://www.nowpublic.com/tech-biz/layoffs-list-job-losses-2008-and-2009-ongoing
 

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What? I posted links to all my sources (all from this week in fact)?

I will also look up the cumulative job cuts across Pharmaceuticals since 2000. I know it is more than the 87,000 stated here without a reference. :fish:
For the autos, you listed one data point - 10,000 jobs from GM.

I am 100% positive there have been a lot more cuts than that over the past couple of years.
 
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