by Boo_Randy Henry Ford paid his workers a generous living wage so they could buy the cars they were building…the bloodsuckers who run Ford now fire workers by email. I hate the f*#king corporatocracy. https://www.news.com.au/finance/work/at-work/ford-car-company-cuts-3000-jobs-amid-restructuring-efforts/news-story/32d4cf470a510c9c8adf37199e2d399a Employees at the struggling car …
by Boo_Randy Insolvent Chinese property developers are running out of road to play “extend and pretend” as the financial reckoning day bears down on them. Coming soon to a property bubble near you. https://www.scmp.com/business/article/3182513/evergrande-defaulted-developer-gets-delisting-reminder-restructuring-probe China Evergrande, which defaulted on its …
HONG KONG – Evergrande Group’s chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default on more than $300 billion …
New York magazine lays off staffers as publication undergoes restructuring New York (CNN Business)New York Media, the parent company of New York magazine, laid off 16 full-time staffers and an additional 16 freelancers or part-time employees as the publication restructures, …
The fate of the A380 is sealed. By MC01, a frequent commenter, for WOLF STREET: On February 5, German low-cost carrier Germania announced it has filed for insolvency in Berlin and that all flights will be suspended indefinitely. According to the press release, …
The BREXIT did not go very well for Theresa May, the parliament voted against the deal. May might be in trouble. Trump reports that Volkswagen will be spending millions in the US to create jobs. PG&E is filing for bankruptcy, …