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Companies are trying other options besides layoffs in order to save money during these shitty times. Unfortunately, not enough companies are doing this.
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The UAW decides to sell out its workers by foregoing the right to strike.
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The banking industry is poised to ask for MORE handouts with more of them going down the tube.
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Retailer Gottschalks has put itself up for sale and may file for bankruptcy.
Another store I happen to like is about to hit the skids.
More retailer problems:
Hayward, Calif.-based Mervyns LLC, which filed for Chapter 11 bankruptcy protection in July, is now liquidating inventory at its remaining 149 stores and winding down its business.
Reading, Pa.-based Boscov's Department Store LLC filed for bankruptcy reorganization in August. Analysts say they are monitoring the York, Pa.-based department store chain Bon-Ton Stores Inc., which has also been struggling.
National chains that have been hammered include Circuit City Stores Inc., which filed for bankruptcy protection in November, said last week it's in talks that could result in a sale or additional financing. Toy seller KB Toys, which filed for bankruptcy in December, is liquidating its stores and will shut down. Goody's Family Clothing announced on Jan. 6 that it was liquidating and on Tuesday it filed for bankruptcy protection.
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Harry & David lays off 100 workers, some ten percent of its regular labor force.
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