Word: jobses
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The crucial first step is to lower costs, inventory and manufacturing infrastructure to levels more in line with demand. Overzealous production had left the company with millions of dollars' worth of unwanted stock by mid-2008. Some of the work was already under way: Crocs has shed 32% of jobs...
Two and a half decades ago, his then employer, Occidental Petroleum Corp., cut its traditional defined pension plan in favor of a 401(k)-type system. So instead of getting a guaranteed pension check of $1,308 a month for his 36 years as a full-time, salaried employee, the...
With a 401(k), contributions came out of your pay but were not taxed, and you had control of them. Contributions could be added or suspended. Best of all, when you left your company, your 401(k) traveled with you, removing a penalty for switching jobs that had been built...
Libi, a Libyan national and al-Qaeda suspected third in command, railed against China's treatment of the Uighurs, a Turkic Muslim minority group in the country's far west who chafe under Beijing's rule. Uighurs complain of government discrimination, from being frozen out of jobs to having their...
But the mayor, who still has a business interest in the brewery, told TIME he was not discouraged. "We are trying to show all foreigners and locals that we are a people that love life and liberty and are willing to live in peace with our neighbors, whether Jews or...