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December sees massive job loss
By EmploymentCrossing.com
http://www.EmploymentCrossing.com
December continues to see a tremendous amount of job loss, as Bank of America and at least 20 other companies announced deep cuts this week.
The week started on a bad note with Dow Chemical eliminating 5,000 positions and closing 20 plants. Anheuser-Busch InBev said it will reduce 1,400 positions as well.
Other layoff announcements made during the week that contribute to December's high job loss were the NFL, Wyndham Worldwide, Office Depot, Rio Tinto, and Chemtura.
According to company reports, 81,500 job cuts were announced at approximately 20 big-name companies.
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