Ford Motor Co said on Tuesday it will build the next version of its Ford Explorer SUV in Chicago starting in late 2010, adding 1,200 jobs that may include hires at a new lower wage negotiated with its union.
Home Depot laying off 1,000 employees: memo
"We are restructuring select support functions to better align with our business needs and we are exiting three underperforming pilots," Home Depot CEO Frank Blake said in a memo to employees on Tuesday.
It is the second of two big job cut rounds in the retail sector. Sam's Club, the warehouse club unit of Wal-Mart Stores Inc, announced plans on Sunday to cut about 11,200 jobs, or 10 percent of its workforce.
U.S. households struggle to afford food: survey
Nearly one in five U.S. households ran out of money to buy enough food at least once during 2009, said an antihunger group on Tuesday, urging more federal action to help Americans get enough to eat.
Obama to focus on jobs, deficit in State of the Union
After his worst political setback since he took office a year ago, President Barack Obama will vow to revive job growth and tame skyrocketing budget deficits in a crucial State of the Union speech on Wednesday.
While some high-profile jobs might be created, and I emphasize might, they are swamped by layoffs in other sectors. It is tough to associate such labor news with a vibrant economic recovery. This is why one and five U.S. households have run out of money to buy enough food at least once during 2009. This is also why rhetoric and fiscal policy has switched back to reviving job growth.
Source: reuters.com
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