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As Layoff Threat Increases, Make Sure You Have a Plan.


ON the one hand, the newspaper headlines feature mordant mordant (môr`dənt) [Fr.,=biting], substance used in dyeing to fix certain dyes (mordant dyes) in cloth. Either the mordant (if it is colloidal) or a colloid produced by the mordant adheres to the fiber, attracting and fixing the colloidal  layoff Layoff

1. When a company eliminates jobs regardless of how good the employees' performance. 2. A risk reduction, made by investment bankers, that minimizes the potential downside associated with a commitment to purchase and sell a stock issue unsubscribed by stockholders holding
 news. On the other, most American companies say that they still can't find enough workers.

So if you ever have to lose a job, let it be now. New positions are cropping up faster than old ones are being chopped chop 1  
v. chopped, chop·ping, chops

v.tr.
1.
a. To cut by striking with a heavy sharp tool, such as an ax: chop wood.

b.
. The employment rate -- meaning the portion of working-age people holding jobs -- remains at a historic high.

Granted, the job market isn't as fab as it was last spring. The rate of growth in jobs is slowing down. It might take a little longer to find the kind of work you want.

In manufacturing, the number of jobs has been shrinking since April 1998. That's a problem that can't be blamed entirely on the economic slowdown.

The most likely reason for long-term factory job loss is the tremendous gain that the plants have made in their productivity, says economist Leo Troy Martin Leo Troy was the Liberal MPP for Nipissing in Ontario from 1959-1965. External links
  • Martin Leo Troy, MPP Parliamentary History

Legislative Assembly of Ontario

Preceded by
Jean Marc Chaput Liberal MPP for Nipissing
 of Rutgers University Rutgers University, main campus at New Brunswick, N.J.; land-grant and state supported; coeducational except for Douglass College; chartered 1766 as Queen's College, opened 1771. Campuses and Facilities


Rutgers maintains three campuses.
 in Newark, N.J. It takes fewer workers to make the goods the market wants -- be it cars and steel or computers and chips.

The service industries, by contrast, are scooping up people as fast as they can find them, and for good jobs: nurses, teachers, managers, stockbrokers, bankers, real estate agents, engineers.

As for the techies fleeing the dot-bombs, plenty of companies are eager to recruit you. Every industry needs better information technology.

Clueless clue·less  
adj.
Lacking understanding or knowledge.


clueless
Adjective

Slang helpless or stupid

Adj. 1.
 managers desperately need employees who've been inducted into IT mysteries.

If unemployment rises to 5 percent, the country would lose about 1 million jobs. Even then, you'd enjoy a better job-hunting climate than existed in any year in the 1980s and most of the '90s. How bad is that?

No one feels good after being dumped. The loudest boo-hooing seems to be coming from young people who saw their Internet gravy boats sink. But in any life and at any age, jobs will come and go. Layoffs occur continually in this flexible New Economy, as businesses merge, downsize Downsize

Reducing the size of a company by eliminating workers and/or divisions within the company.

Notes:
When a company downsizes, it is attempting to find ways to improve efficiency and increase profitability.

It is sometimes referred to as trimming the fat.
 or fail.

The wise think about how to handle a job search in advance.
COPYRIGHT 2001 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:As Layoff Threat Increases, Make Sure You Have a Plan.
Author:QUINN, JANE BRYANT
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 26, 2001
Words:340
Previous Article:INTEREST RATES & INCOME LOANS.(Illustration)
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