Monday, February 2, 2009

Macy's announces layoffs of 7,000 workers

Macy's -- which has stores in Middle Tennessee -- announced the layoff of 7,000 workers.

These kind of escalating annoucements bold so ill for state and local budgets, besides the ability of the national economy to recover before 2011.

Job cuts such as these represent positions that never will be refilled. That means Tennesseans and Americans will have to look at fewer opportunities to ever realize the kind of employment they depended on -- and standard of living once possessed.

It is a vicious cycle. Pray for these good people, their families and this nation.

1 comment:

Anonymous said...

These continuing layoffs demonstrate precisely why health care coverage needs to be separated from employment in America. We need to look at how other countries are providing health care for their citizens.