AARP Finance - job cuts
Now that the Obama has taken over the reins companies across the USA have started to announce massive job cuts in order to survive.
Caterpillar, a Dow component, said it will cut 20,000 jobs, or 10% of its workforce due to the impact of the rough economic environment. Caterpillar also reported that fourth-quarter earnings tumbled 32% from a year ago. Caterpillar (CAT, Fortune 500) shares lost 8.4%.
Home Depot (HD, Fortune 500) said it was eliminating 7,000 jobs as a result of closing its high-end EXPO business and cutting its support staff. Shares gained 4.7%.
Sprint Nextel (S, Fortune 500) said it will cut up to 8,000 jobs in the first quarter and take a charge of more than $300 million, as it contends with the sluggish economy. Shares gained 1.2%.
Now these are the the big ones, elsewhere reports are coming out of salary reductions and laying of of full time workers, so what does this mean to AARP members many of whom have taken up jobs to help meet their costs in retirement.
Times are going to be hard for the foreseeable future and its no use members of AARP looking to others or relying on working for someone else to make a living. The time is ripe to work for yourself and their are many opportunities available. you just need to find one that suits you. be it earning commissions from sales, or delivering items door to door.
Many AARP members are looking a the Internet as a way to earn extra money and groups such as Tomorrows Home Business can show you how to build a substantial fund over a ten year period.
David Ogden - Health and Wellness - Lose Weight USA
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