layoffs Archives | Restoring Liberty

Layoffs Coming to Cleveland Clinic in Plan to Reduce Budget by $330 Million (+video)

September 19, 2013/1 Comment/in Featured, Video /by Tom Beres

Photo Credit: tlillis4

The Cleveland Clinic has told workers they will be laying off an unspecified number of employees as part of an overall, sweeping cost-reduction plan.

Clinic CEO Dr. Toby Cosgrove discussed the looming cuts and changes in a Wednesday morning all-employee meeting.

Clinic spokeswoman Eileen Sheil denied circulating rumors that employees were told there would be 3,000 jobs cut.

She said any layoffs will be part of a multi-year plan to cut $330 million from the Clinic’s budget.

The Clinic is the region’s largest employer with roughly 42,000 workers.

Greece Starts Firing Civil Servants for First Time in a Century

April 28, 2013/1 Comment/in Featured, International /by Nikolia Apostolou

Photo Credit: John KolesidisPushed by its European creditors amid its crippling economic crisis, Greece began this week to do something it hasn’t done in more than 100 years: fire public-sector workers en masse.

Following weeks of tough negotiations with its lenders – the “troika” of the International Monetary Fund, the European Union, and the European Central Bank – the Greek government started laying off public-sector workers in an effort to implement the austerity that the troika has demanded. The first two civil servants were let go on Wednesday under a new law that speeds up the process – one, a policeman, for stealing debit cards, and the other for 110 days of unexcused absence.

The mass layoffs were announced last week in a televised address by the Greek prime minister himself, Antonis Samaras. Despite the massive unemployment in Greece, the goal of the government has become the laying off of 180,000 civil servants by 2015. “This is not a human sacrifice,” said Prime Minister Samaras. “It’s an upgrading of the public sector and it’s one demand of Greek society.”

Samaras though, promised new positions to be created: “An equal number [of employees] will be hired on merit,” he added.

A century without layoffs

Civil servants’ jobs have been protected by a law that dates back to the 1880s, which became enshrined in the century-old Greek constitution. Until that provision became law, each newly elected government would sack the civil servants hired by the previous government to replace them with their own party members, creating civil unrest and a dysfunctional state.

Obamacare Layoffs, Hiring Freezes Begin

January 6, 2013/3 Comments/in Featured, News, Updates /by Wynton Hall

Obamacare opponents warned that forcing companies employing 50 or more full-time workers to buy healthcare would prompt employers to slash jobs and worker hours. And that’s exactly what’s happening, says one of President Barack Obama’s favorite economists, Mark Zandi of Moody’s Analytics.

“It will have a negative impact on job creation” this year, says Mr. Zandi.

The Obamacare employer mandate doesn’t go into effect until January 1, 2014, but the government requires businesses to track worker schedules for three to 12 months in advance. That means many employers plan to get a jump start on avoiding Obamacare’s $2,000 per-worker fine by firing workers now, reducing employee hours, or replacing full-time employees with part-time workers.

A survey by the International Franchise Association finds that 31% of franchisees say they plan to cut staff to duck under Obamacare’s 50-employer mandate. And another study by Mercer consulting firm found that half of businesses who don’t presently offer health insurance plan to reduce employee hours to avert triggering Obamacare’s penalties.

As Breitbart News has reported, Pennsylvania Community College of Allegheny County has already slashed the hours of 400 adjunct instructors, support staff, and part-time teachers to sidestep the Obamacare fines. Doing so will save the already cash-strapped college an estimated $6 million.

Posts