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You're loyal, you're hard working, you're fired!

 
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ptarmigan



Joined: 01 Mar 2007

PostPosted: Fri Mar 30, 2007 1:45 am    Post subject: You're loyal, you're hard working, you're fired! Reply with quote

Circuit City Cuts 3,400 'Overpaid' Workers

Quote:

By Ylan Q. Mui
Washington Post Staff Writer
Thursday, March 29, 2007; D01

Circuit City fired 3,400 employees in stores across the country yesterday, saying they were making too much money and would be replaced by new hires willing to work for less.

The company said the dismissals had nothing to do with performance but were part of a larger effort to improve the bottom line. The firings represent about 9 percent of the company's in-store workforce of 40,000.

"Retail is very competitive and store operations just have to contain their costs," said Jim Babb, a Circuit City spokesman. "We deeply regret the negative impact that was had on these folks. It was no fault of theirs."

The company gave the dismissed workers severance pay and told them that after 10 weeks they were free to apply for any openings. Employees reached by a reporter said they were notified yesterday morning and told to leave immediately.

....

Steven Rash, 24, said he was one of 11 workers fired at a Circuit City in Asheville, N.C. The store manager broke the news during a meeting at 8:15 a.m. and escorted them out of the store. Rash said he has worked for the retailer for seven years and was one of the most junior members of the affected group.

He said he earned $11.59 an hour and worked from 15 to 20 hours a week. He received four weeks of severance pay. Though he has a full-time job at Bank of America, he said he needs to find part-time work to help pay his student loans.

"It's not just a part-time job," he said. "It's about paying the bills."

According to the U.S. Bureau of Labor Statistics, the average hourly wage for retail salespeople was $11.14 in May 2005, the latest data available.

....



http://www.washingtonpost.com/wp-dyn/content/article/2007/03/28/AR2007032802185_pf.html

Circuit City is already using part-time employees who don't get any benefits. What are they going to do, replace them with illegal aliens from Mexico???

I doubt it; they are probably making more in the construction industry "doing low-paying jobs Americans don't want," as the Bush administration puts it.

Funny, when you think about it, no mention among the "overpaid workers" of any corporate executives getting laid off. Let's see now, how many corporate executive salaries does it take to pay for 3,400 part-time workers?
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bixlerscott



Joined: 27 Sep 2006
Location: Near Wonju, South Korea

PostPosted: Fri Mar 30, 2007 9:11 am    Post subject: Reply with quote

Go figure, that's the corrupt business world at play, particularly in America. Circuit City employees only make like $8 to $10 per hour as common in retail sales with little or no benefits and no future. What is Circuit City going to do? Get fewer desparate employees to do alot more more and have at least one manager to coerce them in a mean and strict manner. Typical. It's ironic that executive pay continues to rise to historic highs with guaranteed golden parachutes and biz jet sales seeing the best sales ever, while executives claim underpaid employees who are the backbone of thier business success are too costly, thus, are treated terribly, as if they are a criminal and always guilty of wrong doing. Pure oppression of the people. It's not, "For the people, by the People", but instead, its "For the elite 1%, by 99% of the People". American business executives are killing the country itself over all these cuts and imposing a climate of insecurity that furthur oppresses the people. Who's going to be left to run our companies, teach in our schools, innovate new products, and be productive if the rich leaders just downsize them out before they ever have a chance to develop into professionals of thier fields, while the career minded in thier 20's working hard or even before they graduate high school??? No one! These issues in America no ones to deal with as they are very huge problems that we seem to have no control over as the rich executives seem to have all the power, even the power to manipulate Uncle Sam. It's corrupt. Something will have to give, it's getting out of control. I find America to be the rudest, meanest, and riskiest place to live and work, not becuase we are bad people, but because of how executives have manipulated us with the financial and legal oppressions imposed upon us to keep us in fear to get us to be slaves. The executives turned the US government onto it's own people to keep them oppressed and pressure is building in the culture on the ground and all will blow up!!! Sound extreme? I think not.

You must be executive or your nothing, unless it's healthcare work or if your born into wealth or family biz. Nepotism plagues the job markets, causing huge operational inefficiencies. Degrees mean nothing, unless you want to teach in a crappy public school of crime, corruption and infighting; sell products on a sales floor for $9/hour with little or no commissions and no future, highly technical computer operation while talking on phone to C-level execs and finance people in a cubicle for $8/hour and no future, or some blue collar service job paying $6 to $8 per hour with no future. Terrible dismal scene it is, even if you got a degree, unless your established in a more senior role or are born into something. Heck, as the OP's quoted story states, banks do not even pay college graduates enough to afford payment on student loans, a car, a home, raise a family, etc. Your looking at $15,000 to $20,000 per year before tax with limited benefits! Pure nonsense. I am wondering how much of the current outstanding student loans Uncle Sam guarantees will never get paid off?? Enormous amounts I am sure, but this is so tiny compared to what the US government owes Asian countries.

The executives today take all and leave nothing for the next generations striving to achieve something in all these going nowhere jobs in going nowhere companies. Yea, with a Bachelors' degree, a large corporation will only allow you to sit in a cubicle for $8/hour to operate a Unix accounts management system for something big like Mercedes Benz Financial with no ladder to possibly climb while they are super strict on you and downright hastily mean on a regular basis. Hostile environment due to such corruption. Todays typical culture to be found at home. Go figure. Deceptive business executives and senior managers abound who only intend to take all thier money and private jets with them when America crashes in the coming age. Serious. It's all set up and I do not like it, to have to think, I do not have a place to retire, becuase it is not a system that works for me or the majority of Americans. In fact, It would be way too risky to get a mortgage to buy a house due to such insecurities present and getting worse.

As for teaching in America, most of the schools are terrible places to be such as in Saint Louis, Missouri, for example. At board meetings, they yell and cuss, the police show up, the budget is a mess due to embezzelment, the parents fight the teachers, false accusations occur regularly against teachers, and the kids act horridly mean due to such corrupt culture. It's so bad in the St. Louis Public School district that the State of Missouri had to pull the districts accreditation from them and take over the school district recently. The high school students are appalled and rebelling now all the way the capital, Jefferson City, that they may not be accepted into a college on account of having non-accredited diplomas. Is it getting too corrupt for the young to have anything, unless they were born into it? You bet. It's past due for a big revolution to come about. Serious.

Since international travel has been a big hobby for many years to me since I was very young, I grew even more fond of travel during my Army days after high school, and I was an international business major at a large state university who wants to teach (preferably subject matter in my career field) as well get some real professional exerience too, I choose Korea where opportunity is happening. I feel inspired that the Koreans are striving for excellence and achievement, rather than resting on previous successes like America is doing. You got to give them credit and respect for thier patriotic pride and efforts. I hope they maintain this mentality well into the future. It's an exciting day and age for Asia and to be a part of it. Quite interesting I must say. I only hope it lasts many many years.

It's not grandpa's land of opportunity anymore young man. It makes no difference how good of an employee you are, your education level, how much good work ethic you possess, and your competencies you strived for so many years to develop with high ambitions. Enormous amounts of young adult talant is going to waste (majority) or leaving(me!) the country. I know America loses more and more by when it's college graduates leave country or not allowed to be productive in a professional career, but I am not one of the rich elite ruling members so it's not my responsibility to serve our once great country any longer, I have no more part in that after dutifully and fruitlessly doing so since I was a young child. That would be a fruitless waste to continue down that path as I realize some 15 years out of high school, becuase I was a devout patriotic who served her with all faith and might with pride, having been brainwashed to believe we are the best with the truth being the contrary. I beg to differ now on these values, unfortunately so. But, since adequate opportunity is not allowed to a great deal of junior to intermediate professionals with good academic records, good work ethic, honorable and exemplary military service, and no criminal history, you can see that our leadership in business and government are just stewards of thier own wealth and do not care on iota about the wellfare and future of the nation or it's people. I know these stewards of thier own wealth (executives and politicians) will let the country down as they already do and will not hestitate to evacuate in a moments notice when civil war breaks out as they already have enormous sums of money in foreign banks, just in case.

I only understand all this from being educated, smart, and highly experienced with American government, business environment, politics, and the vicious cultural norms that have replaced what once was the very best country. It's a very very heavy weight of burden that I must rid myself of in order to really be happy and free, regardless of where I live. Something I need to somehow learn to live and let go of, in my heart. It always meant so much to me that I was to be the best of the best in the best of the best country and is very difficult to accept that it's a big piece of flagulating garbage. I read the www.msnbc.com news everyday on America and the world and the same stuff is keeps occuring in a worsening pattern. Job cuts, increases in executive pay, schools failing, crime going up, debts piling up, increasingly bizarre events, and the best military falling apart, slowly but surely. Heck, the top generals told Bush off that if we invade Iran, they will step off of thier command posts. Our Army is ready to stop taking orders from the most incompetent US presindent!!! Our nation is nothing to be proud about, as much I want to be a patriot. It's going to shitt.

How does one live and let go of this big bad narly situation presented to Americans in this era due to top echelon leadership failing us through the fleecing us in the name of greed??? I think whats even more painful, is a civil war is inevitable and thats were my home and love ones are. This is troubling for me. I am sure this is not the first time this has happened in a countrys' history as I saw the results of the Bosnia civil war in person for an entire year (hellish) in the 1990's which did not set well with me when I had a superior tell me that someday this will happen in America someday. Of course, if and when something goes badly wrong with the American system, global financial markets will crash, currencies devalue, everything gets uper expensive, and the whole world falls into a wicked economic depression no ones wants to see as the US is still the backbone of the current global economy. Asia would not be achieving such great feats in technology engineering and achieving new wealth if it were not for American ideas and the capitalist economic system concept employed.

Tell me if you know a very intellegent answer for an American like myself to go about navigating this in the coming times. No trolls, shallow minds, or flamers please!!!
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hogwonguy1979



Joined: 22 Dec 2003
Location: the racoon den

PostPosted: Fri Mar 30, 2007 3:03 pm    Post subject: Reply with quote

great response is all I can say, you been listening to Lou Dobbs lately?

BTW did you see after the layoffs were announced the stock's price went up 2%

scary
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saw6436



Joined: 16 Jan 2003
Location: Daejeon, ROK

PostPosted: Fri Mar 30, 2007 7:35 pm    Post subject: Reply with quote

"Share holders values" . Indeed!
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mack4289



Joined: 06 Dec 2006

PostPosted: Sun Apr 01, 2007 6:16 am    Post subject: Reply with quote

What happened at Circuit City is terrible for those people, but the only way to prevent that kind of thing from happening is to have stricter job protection laws, which inevitably result in higher unemployment and less job opportunities for younger workers. The only way to have strict job protection laws and low unemployment is to have an endlessly and needlessly expanding public sector, like Korea. Of course it can't expand endlessly, eventually it gets cut back and people are out of those jobs. In the mean time, the promise of lifetime employment paid for by the taxpayers stifles many people's motivation to start businesses and create jobs in the private sector.

So yes, hard-working, capable people losing their jobs is unfortunate. But if you want an flexible, efficient economy that creates jobs and rewards initiative, you have to allow this sort of thing.
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