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This week in history: December 28-January 3


This week in history: December 28-January 3
28 December 2020
25 years ago: AT&T announces massive cuts, leading corporate assault on jobs
On January 2, 1996, AT&T announced it would slash over 40,000 jobs, bringing the new year in the same way the previous one ended, with major corporations posting record profits while destroying jobs on a massive scale.
AT&T Midtown Center, Atlanta
The AT&T announcement followed a growing wave of layoffs by major corporations at the end of 1995. US firms announced over 55,000 job cuts in December, twice as many in the same month as in 1994. From 1993 to 1995, 1.5 million American workers lost their jobs through permanent workforce reductions. The wide-ranging job destruction took place at a time when US corporations were raking in record profits. AT&T’s revenue in 1995 was $75 billion, or $404,000 per employee. The company’s stock rose by 29 percent in 1995, further enriching its directors and stockholders. ....

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Detailed text transcripts for TV channel - CNN - 20101214:16:42:00

Between certain hours of the day and night so that he can be geopositioned with an electronic monitoring equipment, that he has given to sureties to the court and you ve seen poth of them, smith and sarah and in those circumstances, he s also got to come up with a cash deposit. those are the conditions before he releases. and otherwise and until those are met, particularly the surety, he will be sitting in the conditions at wadsworth prison. can you explain at the end there was a thumbs up? the extradition process can take a number of years. we saw with gary mckinnen that his extradition to america is still ongoing and potentially ....

Us Supreme Court , Cash Deposit , Wadsworth Prison , The End , Eastern United States , Gary Mckinnen , Extradition Process ,