Retrenchments

[#1]

Anyone noticed how many companies have retrenched over the past 1-2 years?
Coca Cola
MTN
JP Morgan
Nokia
Standard Charter
Telkom
Sibanye Gold
Amplats
ArcelorMittal
Avon
Renault
Royal Bank of Scotland

These are amongst others.
What I dont understand is that Yellen keeps saying unemployment is falling and a lot of companies retrenching are from the US.

Just some food for thought...

[koos2]

gud fur ze bottom line , no?

[SJ]

AngloAmerican Kumba Iron Ore

[#4]

in the short term no.
The other side of the coin is..what is it that all these companies see in the future that the media doesnt?

[geordie1]

i beleive we are in the middle of a technological revolution that is shedding jobs.the industrial revolution did similar and the transfer of labour from agriculture to industry caused a lot of unemployment who eventually found some empolyment in industry.I am not sure what the future holds in terms of empolyment but the days of having a degree and that guaranteed a job (more or less) are over.its vexing but I do not beleive it threatens business as long as they change.it could threaten stability as people trapped in poverty have nothing to lose>u could debate this for hours