the lost worlds in the global economy where the dignity and value of workers have been degraded and deflated
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whom the bells toll - Note massive close downs on this page
The economic crisis was predictable . Below is
a partial record of the jobs and businesses that were lost in 1998 and some of the hundreds of computer manufacturers who
closed down in the 1990s. More than a million workers in the computer industry lost their jobs during this period.
Note summary of articles
and blogs by Ray Tapajna at http://tapsearch.com/super-links. The latest top article is at http://bizarrepolitics.com/depressing-tale-of-two-cities
and http://bizarrepolitics.com/us-impoverished-city-surrenders to free trade. See series of articles at http://therationale.com/rss/summary.xml
where we explore the latent response of religion and philosophy to the global economic arena. Search under Tapsearch.com,
Tapart News, Ray Tapajna files, tapsearcher and/or arklineart for thousands of resources and references.
New : Ray Tapajna Chronicles reviews Pope
Benedict's economic encyclical - Charity is truth at http://tapsearch.com/pope-benedict-economic-encyclical asking if it may be too late of a response to the Bewildered New World that predicted the economic crisis more than ten years
Free Trade and Globalization have not evolved
in an natural economic way but have been driven by powerful forces inside government coupled with big business. It is
a failure. It has betrayed workers for years. The report below may look like 2008 but it is not. Guess what year or
years these losses were suffered. They are examples of predatory Capitalism with the Free Enterprise system being ignored.
Companies strip out management - moved headquarters to cut local ties - cut workers and use workers outside the USA.
This way they also save costs by not paying payroll taxes and evaded the costs of the entitlements, pollution controls
and other domestic regulations. The fired workers instead of hiring them to show increases in productivity which increased
their stock values. Many focused on gaining a massive cash flow selling products at costs or under costs for the sake
of making money on money as the main goal. This all happened while President Clinton, Hillary Clinton and Alan Greespan
declared prosperous economy. Note the number of high technology jobs cut. ( More than a million workers in the computer industry
lost their jobs in the 1990s. )
Back to the Future - from News Arhives centering
on the year 1998 !
1. Business failures surged 16 percent totaling 83,384 failing businesses.
Vermont Job Gap Study shows that 83 percent of single parent families with 2
do not make a liveable wage.
3. The Feinstein Foundation sends petition to President Clinton noting
that 35 million people in
the USA ar going hungry and unsure of when they will eat next. ( Other studies
from 28 to 40 million people in the USA are in need of emergency food including millions
children with places like New York City breaking records for children living in poverty. President
Clinton ignores the petition while he proclaims prosperity.
4. Tears flow as lask bike rolls out of Huffy bicycle
plant cutting 1000 workers - 60 percent of all
bikes are made outside the USA ( the number is mostly likely
even higher today.)
5. Dunlap strips Scott Paper of 11,200 workers and moves headquarters to Florida and
later sells Scott to Kimerly-Clark for $9 Billion Dollars netting millions for share holders and tens of
self with the firing of the workers.
6. Fruit of the Loom cuts another 5,000 workers with most of their factories
moved outside the
USA. Fruit of the Loom CEO says he did not want to do it but they could no longer afford to
pay workers and average of $8 an hour when workers in other lands will work for only pennies
7. Seagate, top hard disk manufacturer in the world annouces a 20 percent cut in their work-
force with only 10,000 workers left in the USA with 100,000 workers in other lands. Seagate
was funded by Dysan Corporation the leading innovator of disk storage and who faded away
to stop the shipping of work outside the USA. The lost out to Sony with HP and IBM
letting Sony rule the
standards after Dysan spent years developing the technology in USA.
Norm Dion, the President of Dysan fought
to the end trying to keep the technology in the USA
but lost this economic battle with the Far East and
the company faded away along with
many of the 30 start up companies they initiated. Alan Shugart
who made a name for
himself with the start up of the 8" diskette technoloy gave into the
forces of Globalization.
8. Intel cut 5 percent of their work-force. Intel is top CPU manufacturer and constantly shifted
and adjusted work-force to evade age-discrimination regulations.
9. Kodak announces another round
of layoffs cutting 5,000 more workers while claiming unfair
unfair competition by competitor FUJI.
10. Toro closes plant in Minn. and lays off entire work-force.
11. Well Fargo cuts 2200
12. Rockwell cuts 3,800 workers who were primarily in automation production.
top computer manufacturer, announces 15,000 workers will lose their jobs when they merge with Compaq. Compaq already
has much of their manufacturing in China.
14. Texas Instruments cuts 3,500 jobs.
15. Eaton cuts 200
at its high technology semi-conductor plant.
16. Boeing, GE shutting New England plants, Whirpool, Woolworth,
Goodyear and other major corporations cut more than 70,000 workers in
17. Even McDonald fast foods cuts 525 jobs at its U.S. headquarters in Chicago.
Works lay off 5,000 workers.
19. Ameritech cuts 5,000 workers.
20. Ford enjoying a profitable
year, announces buyout of 5,000 salaried workers based on only
a year severence pay.
Engine cuts 1,000 salaried workers following the cutting of 2,000 in 1996.
22. First Energy cuts 485
Cleveland Electric Illuminating jobs representing direct repair linemen
and switch to contract workers from
23. Sun Finance Liquidates with 2,800 losing their jobs.
24. MCI WorldCom cuts 2,500
25. Raytheon cuts 14,000 jobs.
26. Siemens cuts 20,000 jobs worldwide.
cuts 11,000 engineering jobs.
28. Gateway Computers cuts 300 jobs - was paying only $5.50 an hour in 1994. They
built factory in farm land where many farmers lost their farms.
29. Packard Bell Computer cuts 1,000 jobs and later
closes down completely.
30. More than 60,000 apparel workers jobs lost in the 1990s and late 1980s.
to come. Do not remain in the cruel unknowing global economic arena and help restore the American Dream and human dignity
for all in the world.
31. Venator Group closes 570 stores.
Eaton, AST, LSI and Pioneer cut 2,000 jobs in high tech fields.
33. Poloroid cuts 700 jobs.
Telecom and Entex cut 500 jobs.
35. Nabisco cuts 3,100 jobs
36. Stanley Tools cuts 5,000 jobs.
37. Chase cuts
90 local Cleveland area jobs.
38. LTV closes steel operations forever.
39. Goodrich closes 4 plants.
Closeouts closes all stores.
41. Scrabble tile factory closes
42. Mr, Gasket eliminates jobs and sends production
outside the USA.
43. Lubrizol cuts 150 jobs.
44. Advanced Lighting cuts 220 jobs.
45. Bethlehem Steel cuts
46. Republic cuts 1,400 jobs.
47. Child Poverty soars in Ohio.
48. Weirton Steel idles blast furnace.
49. BF Goodrich vacates Akron Ohio headquarters.
50. Liz Clairborn cuts 400 jobs.
51. Kellogg cuts 765 jobs.
52. Shell cuts 4,750 jobs.
53. Huntington Bank cuts 1,000 jobs.
54. Heinz cuts 390 jobs.
55. Commins cuts
56. NBC cuts 250 jobs.
57. Carpet Barn closes all stores.
58. CNG cuts 2,600 jobs.
Revco Drugs closes down and cuts 1,100 jobs.
60. BP American cuts 1,350 jobs.
61. Sealey , Rubbermaid, Reliance
Corporation closes Corporate Offices with more than 1,000 workers losing their jobs.
62. 250,000 jobs lost in 1992 -93
in computer field with IBM cutting 150,000 jobs and AT&T and NCR computers laying off another 100,000 workers.
1994 - Sony Corporation advertises for 22 electronics technicians and gets 1,980 applications.
64. More manufacturers
flock to Mexico to take advantage of the Maquiladora factories where workers make only an average of 62 cents an hour .
65. Wang Laboratories lays off 23,000 workers in the early 1990s.
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