[Mb-civic] NYTimes.com: Volkswagen to Eliminate 20,000 Jobs

[ialterman at nyc.rr.com]

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Remember what I said about layoffs, cuts in benefits, etc. being about increasing shareholder value? Here is a case where a company is laying off people even though it is showing a hefty profit from its LAST series of "cost-cutting" (read "profit-increasing") measures...


BUSINESS / WORLD BUSINESS | February 11, 2006
Volkswagen to Eliminate 20,000 Jobs
By MARK LANDLER
The company has been struggling with a stagnant home market, a fading presence in the U.S. and competition in China.
http://www.nytimes.com/2006/02/11/business/worldbusiness/11volkswagen.html?ex=1140325200&en=dc9eec5fb5f04061&ei=5070&emc=eta1



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