Friday, January 30, 2009

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Thursday job cuts could exceed 13,000

The onslaught of job losses continued Thursday as employers announced a toll that could exceed 13,000.

Drugmaker AstraZeneca, photo products maker Eastman Kodak, aircraft company Cessna, truck maker Oshkosh, retailer Bon-Ton Stores and investment services provider Charles Schwab each said they would reduce payrolls.

Their workers were just the latest casualties in a savage week for the job market, with more than 15,000 cuts announced on Wednesday, 11,500 on Tuesday, and more than 71,000 on Monday.

Those jobs join the 2.6 million that the nation's economy lost last year. The companies typically blame the recession for their downsizing.


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