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URL:  http://boards.fool.com/quotnot-among-large-engineering-and-tech-28064467.aspx

Subject:  Re: Oopss....error...error Date:  10/29/2009  8:05 PM
Author:  telegraph Number:  21470 of 60037

"Not among large engineering and tech companies. Go find out for me what Intel or IBM or Accenture or Apple or AMD or EDS or similar companies are offering for benefits."

Let's look at them

http://www.usatoday.com/money/industries/technology/2007-09-...

EDS

"PLANO, Texas (AP) — Electronic Data Systems (EDS) said Wednesday it has offered extra retirement benefits to about 12,000 U.S. employees if they will leave the technology-outsourcing company.


EDS went through a round of 5,000 job cuts starting in 2003, and the following year, the chief executive announced that the company would shed another 20,000 jobs."

EDS employees got the boot. Those folks had to start over somewhere else. Lost all their seniority.

IBM

http://www.cio.com/article/499219/IBM_Union_Layoffs_Could_Hi...

"Based on a count by the Alliance@IBM, at least 10,000 IBM employees have already been culled from the company's workforce so far this year because of the recession and offshoring."

Wow.....that is only in 2009....they've been shedding jobs by the tens of thousands for years....

"IBM's annual report, which is due out next winter, will likely sum up the net impact of the company's shrinking U.S. workforce. In 2006, IBM employed 127,000 in the U.S; in 2007, 121,000; and last year, 115,000. Meanwhile, its employment in India, Brazil and other nations has been increasing."

So you were telling me about job security and benefits? Getting the 'boot' from the big engineering firms?

The feds, on the other hand, have been hiring and hiring and hiring, and almost no one laid off.....no one loses vacation weeks. No one goes back to square one. No one is off for weeks or months or years without a job and income. No one gets forced out early whether they are ready or not.

and Accenture?

http://www.crn.com/it-channel/219500366;jsessionid=5V2VGG030...

"Accenture has announced restructuring plans that involve both layoffs and real estate sales. The actions will result in a pretax restructuring charge of roughly $247 million in the fourth quarter of fiscal 2009, ending Aug. 31.

Accenture said it will reduce senior executive ranks by approximately 7 percent"

Accenture laid off people world wide in 2008 and 2009.....thousands of them. Out the door. Given the 'boot'......

So what was your point? Working for the private sector gets you unemployed at large rates where the feds never lay off? Working in the private sector means long time unemployment and no income at all?

I'm curious....you mentioned those companies. It didn't take more than 15 seconds to google 'company layoff' and a whole list came back...

t
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