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100,000 Layoffs And Counting: Is This The New Normal? 

By: capt_nemo in FFFT3 | Recommend this post (3)
Sat, 21 Mar 15 5:00 AM | 60 view(s)
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Submitted by Andrew Topf of Oilprice.com

This time a year ago, the oil industry's biggest problem was finding a way to deal with the “retirement tsunami” about to crash down on it as older oilfield workers hung up their cork boots to enjoy freedom-55. Now, with oil prices still in the doldrums, many of those same workers are lucky to be hanging onto their jobs, while others have been booted from the payroll as an ugly wave of layoffs takes hold.

http://www.zerohedge.com/news/2015-03-20/100000-layoffs-and-counting-new-normal




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