Recent Mass Layoffs Are Revised Upward

[Omaha Steve]

http://www.laborradio.org/node/10719

On the heels of two of the worst months for layoffs in years some company are now queuing up for round two. Jesse Russell reports:

January and February saw some of the largest mass layoffs in years. Now many of the company’s that made cuts over the last few months are adjusting those numbers upwards. Caterpillar announced on Tuesday it would be cutting an additional 2,500 U.S. jobs from the roster and close a plant in Georgia. In January the construction equipment company announced it would be cutting 22,100 jobs and the company has offered buyout options to more than 25,000 employees. On top of the closure of the Georgia plant the company will be reducing work forces at a second Georgia plant, two Illinois plants, and an Indiana plant. Nokia has also announced new job cuts. The cell phone company said on Tuesday it will cut 1,700 positions. The announcement comes one month after Nokia began offering buyouts to employees.