It's a very large multinational that received bailout money in 2008. They have repaid the money back with interest. But, how have they repaid their employees? By sending as many jobs as they can out of the NY/NJ headquarters to hubs in KS and GA. The new thing this year is the hub they established in the Philippines. We now have a CEO who did something similar to the last company he worked at. He outsourced thousands of jobs. He is recently reported to have said, "Why should I pay someone $50K in the US when I can get 5 people to do the same job in Manila?". The immoral SOB!!!! I would have responded that why should we pay him millions when we could pay a thousand people here in the States to do his job. Last year he was all over the news because, while resting in his villa in a European country, he gave an interview to the media in which he stated that European and US governments should consider raising the retirement age to 70 - 80 years old.
Personally, I was just saved from the latest wave of lay-offs. My boss looked at me two weeks ago and said: "You must have a fairy godmother". Of the four people under consideration in her group, I was the only one staying. Great, but what happens next year when they will probably do another round of lay-offs? This is the second round this year (they did one at the beginning of the year). I feel bad for my coworkers and I will miss them when they leave at the end of August.
These are tough times we live in and what do we hear from politicians? Mostly about scandals and obstructionist Tea Baggers who don't give a crap about the people of the country. A pox on all their heads!!!!!!!!
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