New Year Opens with Wave of Layoffs in the US

By Jerry White
Global Research, January 09, 2017

The New Year is opening in the US with a wave of layoff announcements and threats of further downsizing during the year.

In the latest blow to retailers, hundreds of women’s clothing stores, operated by Ohio-based chain The Limited, shut their doors over the weekend at shopping malls across the United States. The company, which has 235 stores nationwide and 4,000 employees, quietly began layoffs in December before shuttering its stores on Sunday.

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In addition to the retailers, the Big Three Detroit-based automakers are carrying out thousands of temporary and permanent layoffs, including the elimination of entire shifts—and the wiping out of more than 3,000 jobs—at assembly plants in Detroit and Lansing, Michigan, and Lordst

own, Ohio, halfway between Cleveland and Pittsburgh.

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http://www.globalresearch.ca/new-year-opens-with-wave-of-layoffs-in-the-us/5567368