Word: furloughs
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White-collar employees are finding the current recession particularly unnerving, because companies are no longer as reluctant as they once were to furlough them. Chrysler has laid off 20,000 clerks, accountants and lower-level managers; Sears has let more than 200 executives and middle-management workers go in the past several weeks. Many big corporate employers have quietly frozen new hiring and are trying to whittle their staffs through attrition. At the same tune, employees are less eager to reach for early retirement at a tune of soaring inflation. The Chicago office of the Booz Allen executive recruiting firm...
...Bobby's children, accompanying Ethel Kennedy to commencement exercises. Although Joan looked relaxed, her travail may not be over. Friends think she is cautiously testing herself to see if she is well enough to stay home. One insider said: "I have the impression that this is a furlough; she may have to return to Silver Hill soon...
Karefa-Smart went right to work at the missionary hospital in Rotifunk with the American missionary who had originally inspired him to go on to college. And when she returned to America on furlough, he continued alone. Twelve to fourteen hours a day, he treated the Africans who came to him with every tropical disease imaginable...
...that the company in 1974 will suffer the first full-year loss in its history. (Profits in 1973 were $40 million; at their peak in 1966 they totaled $151 million.) Last week Volkswagen closed down most of its West German plants and gave 45,000 workers a two-week furlough with partial...
Suddenly the underground Kurdish army re-emerged from a four-year furlough. Supply lines to several Iraqi army garrisons were cut, and other military units were surrounded. Last week the Kurds began shooting at helicopters resupplying the food-short garrisons. According to the Kurdish radio, the Iraqis responded by bringing their Soviet-built bombers into action for the first time, laying waste to eleven Kurdish villages...