The jobs challenge
How to reduce labour costs without doing more harm than good remains top of the agenda in America’s boardrooms
JOB cuts continue to make headlines in the United States. This week, Compaq said it is to shed 4,000 jobs. Together with a 4,500-job cut made earlier this year, that will reduce the computer maker's workforce by 12%. In the first half of 2001, American firms announced around 770,000 layoffs, as many as in any full year during the 1990s, according to Challenger, Gray & Christmas, an outplacement firm.
This article appeared in the Business section of the print edition under the headline “The jobs challenge”
From the July 14th 2001 edition
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