David Jones slash workforce

[skippy]

DJs have slashed their office workforce by 150 jobs, this comes a day after Harvy Norman closed a Sydney store and said more would follow, its beginning to get ugly.
http://www.smh.com.au/news/national/dav ... 42601.html

[Jovial Monk]

Yup, the multiplier effect will mean more than 150 will lose their jobs.

[Jovial Monk]

http://news.smh.com.au/breaking-news-bu ... -7m2s.html

BHP to slash 2000 jobs in WA

[skippy]

http://news.smh.com.au/breaking-news-bu ... -7m2s.html

BHP to slash 2000 jobs in WA

Shiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiit!

We might be in a bit of trouble here.

[skippy]

It just gets worse.

"RETAIL giant Harvey Norman is the first major retailer to succumb to the global credit crisis with the closure of its Domayne Campbelltown store, with the loss of 40 jobs.
And in a futher blow, the nation's largest discount retailer - Australian Discount Retail (ADR) has collaped with debts of almost $100 million, leaving 2700 full-time staff facing an uncertain future."



http://www.news.com.au/dailytelegraph/m ... 95,00.html

[Jovial Monk]

It begins. . .

[skippy]

Have your sales dropped monk?

[Jovial Monk]

No, they been pretty good for January.

Homebrew sort of countercyclical: money is short but now have time (working hours cut, etc)

[JW Frogen]

Once I sold over priced cologne,

I was not alone,

Once I sold faux status in our time,

Government can you spare a dime?

[mantra.]

Actually BHP are sacking 3400 people in Australia, many of who have invested heavily in the property after relying for so long on their huge pay packets. There will be a massive fallout from this and property prices in WA are going to plummet.

The Ravensthorpe closure will see 1450 jobs lost there and 350 at Yabulu, with another 100 employees and 200 contractors going at the Mt Keith nickel operation.

BHP's fourth-quarter nickel production of 50,200 tonnes was up 15 per cent on the previous quarter, which was affected by the Kalgoorlie smelter rebuild.

About 1100 jobs would be cut from Queensland coking coal mines and 200 people working on the Olympic Dam expansion would be axed, Mr Vanselow said.