Word: jannotta
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...There is almost a paranoia about creating new jobs in large corporations," says David Orr, a managing partner for the outplacement firm Jannotta, Bray. Concurs Audrey Freedman, president of the Manpower Plus employment-consulting firm: "Companies are about as glad to see a new worker in their ranks as impoverished families are to add another plate to their table...
Given all this malaise, there seems little chance for any substantial improvement in the job picture soon. Joseph Jannotta, chairman of Jannotta, Bray, a leading Chicago-based outplacement firm, estimates that fewer than 25% of U.S. companies have completed the task of downsizing their work forces. As the process rolls on, he says, the average firm could eliminate as much as 25% of its current payroll. That means the U.S. could face up to five more years of job losses at the searing rate of 375,000 a year. "We still have whole functional divisions disappearing within a business," Jannotta...
...unemployed, the wait for a new job has been steadily increasing. Jannotta notes that executives who had earned at least $100,000 before losing their jobs now take an average of seven months to place, compared with five months a year ago. For middle managers, the search has lengthened from three months to four. That is for the lucky ones. Outplacement specialists say at least 10% of all those seeking jobs are unable to find them, up from 2% last year. "For the first time, we are really dealing with the guy who is unemployable and structurally out of work...
Princeton dominated the team, placing four players--one offensive and three defensive--on the teams. Tiger captain-elect Homer Smith is the fullback, while guard Brad Glass, end Frank McPhee, and safety man Ed Jannotta made the defensive unit...
...secondary, Jack Henn and Art Pitts are linebackers, Buzz Taylor and letterman Jack Newell at halfbacks, and another letterman, Ned Jannotta, is at safety. One of Coach Charley Caldwell's most difficult problems has been in finding a suitable replacement for Captain Dave Hickok, linebacker and defensive quarterback...