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...just afternoon tea that's falling by the wayside at the famously employee-friendly firm. Although Google hasn't handed out pink slips to any of its 20,000 full-time employees, it has cut about half its additional 10,000 contract workers in recent months. Previously one of the biggest recruiters of M.B.A.s on college campuses, Google is now eschewing such pricey new hires, although it is still bringing on new engineers...

Author: /time Magazine | Title: Even Google Gets Frugal in the Recession | 12/4/2008 | See Source »

...done all right for a fellow who began as a Universal contract player in 1955, doing bit roles in movies starring giant spiders (Tarantula) and talking mules (Francis in the Navy). He settled into the saddle as ramrod Rowdy Yates, second lead in the cattle-drive TV western Rawhide, a job that guaranteed a paycheck but deferred movie fame. Sergio Leone changed all that when he paid Eastwood $15,000 to play a misanthrope with a gun, wiping out two teams of bad guys, in Fistful of Dollars. By the time he'd done two more Leone westerns...

Author: /time Magazine | Title: The Essence of Clint Eastwood | 12/4/2008 | See Source »

...concessions would permit the automakers to delay payments to the retiree healthcare trust [VEBA] due during 2009 and cancel the controversial jobs bank immediately. The union also plans to re-open contract discussions with all three automakers and will consider what Gettelfinger describes as "modifications" to the current contract...

Author: /time Magazine | Title: UAW agrees to Concessions With Automakers | 12/3/2008 | See Source »

Gettelfinger didn't specify what the possible contract modifications might entail but they potentially could include changes to wages schedules, work rules and benefits such as raising medical co-pays and deductibles...

Author: /time Magazine | Title: UAW agrees to Concessions With Automakers | 12/3/2008 | See Source »

...Vice President Jimmy Settles, who negotiated a $4 per hour wage cut in return for new investment at a Mitsubishi plant in Normal, Ill. said he wasn't sure the modifications to the Big Three contract should include major wage cuts. "Mitsubishi represents less than 1% of the U.S. market," he said. Gettelfinger, however, made it plain that the situation was dire. "Even if all of our members were willing to work for nothing, it wouldn't help the automakers out of the situation they are in," Gettelfinger told reporters after a union meeting in Detroit, also noting that...

Author: /time Magazine | Title: UAW agrees to Concessions With Automakers | 12/3/2008 | See Source »

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