Entergy Corp. plans 1,000 job cuts; Cooper Tire to trim 115

[hatrack]

From News Services
08/13/03

"Entergy Corp. of New Orleans, the fifth-biggest U.S. utility owner by market value, plans to cut 1,000 jobs, or more than 6 percent of its work force, by offering voluntary retirement packages to employees.

EDIT

Cooper Tire & Rubber Co. of Findlay, Ohio, the No. 2 U.S. tiremaker, plans to close a Cleveland automotive-plastics factory early next year and eliminate 115 jobs.

The automotive plastics produced at the Cleveland plant, which was acquired in the 1999 purchase of auto-parts maker Standard Products Corp., aren't a key business for Cooper, the company said."

EDIT/END

St. Louis Post-Dispatch

[VolcanoJen]

1. Gotta love that "jobless recovery"

:-(

[Maple]

2. Well it makes sense

on the balance sheet.

Shed employees, and profits go up.

Profits go up, and your shares go up.

The company survives, the workers are on their own.

The gamble is that a sudden short burst will revive the economy overall.

Of course the problem with gambling is.......

[Arbustosux]

3. More Great News!!!

Can't you see that?! The economy is improving!!

[PROGRESSIVE1]

4. WOW, some more jobs are lost thanks to Bush's Tax Cuts!!!

I'm impressed! I now see why he is sinking in the polls!

[Tempest]

5. Charles Scwabb cutting 500 positions

No link, was in today's newspaper.

[hatrack]

6. Wow!

Counting the Cessna story, that's 1,915 jobs JUST TODAY - and I haven't even really been looking that hard.