Word: layoffs
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...course, the Federal Government that in 1967 formally made age discrimination illegal. But in a landmark 1993 decision involving a pension-vesting case, the U.S. Supreme Court made it much more difficult to prove age was the cause of a layoff. After the ruling it became easier for an employer to cut payroll by replacing higher-salaried workers with lower-paid ones--even if those let go are all much older than the employees who take their place...
When C. Michael Armstrong became chairman and chief executive of AT&T last fall, he inherited what looked to be one of America's last business dinosaurs: balky Baby Bells were frustrating Ma Bell's costly drive into the $110 billion local service market, a much-publicized mass layoff of 40,000 employees had failed to boost business, and worst of all, the largest U.S. telephone company (1997 revenues: $51.3 billion) was stuck on the sidelines, while upstarts such as WorldCom and MCI were teaming to deliver everything from long-distance service to high-speed Internet access. "This marvelous industry...
...Skating Dutchmen have had some success against the Crimson this year. In Harvard's last game before its much-ballyhooed layoff, the Crimson had to scramble to force the game into overtime before it pulled out the win with a goal by junior Rob Millar...
...Crimson may also be battling the schedule tonight as well as B.C. Due to exams, Harvard has not played a game since Jan. 10. It remains to be seen how the long layoff will affect them...
Coming off a dismal first half in a non-conference loss to Hartford on Tuesday, the team also hopes that the rust from the exam-period layoff is out of its system and that the team will be able to play an entire 40 minutes of solid basketball...