Recovery yields mainly temporary part time work in 1993 study
Washington AP reports a briefing from the Economic Policy Institute finds most new jobs in early 1993 were part time or temporary. The study notes wages fell for blue and white collar workers, with 60 percent of 1993 job gains in part time roles and 18 percent in temporary agencies. Labor data indicate modest 1993 job gains amid rising unemployment earlier and a fall in August.
MENTIONED IN THIS ARTICLE
Washington
Lawrence Mishel
Jared Bernstein
Economic Policy Institute
Institute
Labor Department
Mishel
Bernstein
Part time work spans the globe with 60 million participants
The ILO reports about 60 million people worldwide work part time, many by choice and many without full-time benefits. The study notes women dominate this group and cites benefits and risks for employers, economies, and trade. It also highlights rising shares in developed and developing nations and calls for equitable treatment.
MENTIONED IN THIS ARTICLE
Washington
International Labor Organization
ILO
United Nations
Vittorio G. DiMartino
DiMartino
United States
Australia
Denmark
New Zealand
Norway
Britain
Netherlands
Invention convention features fly catching gadgets and more
In Pasadena at a Labor Day weekend invention convention Mike Filonczuk showcases a Zap N Trash lid that electrocutes flies in a garbage can with house current or solar power. Jack Garber displays a Fry Factory coin operated vending unit that fries via dehydrated potato granules.
MENTIONED IN THIS ARTICLE
Pasadena
Calif
Mike Filonczuk Fries
Jack Garber Fries
Filonczuk
Warders
Renault Volvo to merge creating sixth largest automaker
Renault SA of France and Volvo AB of Sweden will merge on January 1 to form a company ranking as the world’s sixth largest automaker. The deal values combined sales around $38 billion from 2.4 million vehicles last year, with Volvo veto power on major decisions. The new group aims to be a global leader in trucks and buses with no immediate job cuts planned despite union opposition.
MENTIONED IN THIS ARTICLE
Paris
France
Renault SA
Sweden
Volvo AB
Worsa
General Motors
Ford
Toyota
Volkswagen
Nissan
Mercedes-Benz
Renault
Volvo
Europe
Japanese firms plan more job cutbacks in recession year
In Tokyo, Toshiba plans 5 000 job cuts, Fujitsu 6 000, Nippon Telegraph and Telephone 32 000, and Mazda 1 500 as Japanese firms trim payroll amid weak demand and a strong yen. Analysts warn of erosion to lifetime employment while some workers are moved offshore or offered early retirement.
MENTIONED IN THIS ARTICLE
Tokyo
Toshiba
Fujitsu
Nippon Telegraph and Telephone
Mazda
Japan
AML
Toshiba Corp
Takashimaya Co
Kyodo
Toyota Motor Corp
Nissan Motor Co
Steven
Probe Planned After Spacecraft Explosions and Losses
Martin Marietta will probe all phases of its space division after a rocket explosion and the loss of two satellites last month. Retired executive James Sterhardt Jr. will lead a panel to review the incidents and assess GE Aerospace standards from the recent acquisition.
MENTIONED IN THIS ARTICLE
Washington
Martin Marietta Corp
Martin Marietta
James Sterhardt Jr
GE Aerospace
Aow
20 Percent Withholding Rule For Lump Sum Distributions
Overview of the 20 percent withholding rule on lump sum distributions from employer retirement plans like 401(k) and ESOPs. Discusses events triggering lump sums, rollovers, 60 day rule, and advises consulting a tax professional for decisions that affect retirement funding and potential penalties. Contact Randy Bluhm at Edward Jones for guidance.
MENTIONED IN THIS ARTICLE
Randy Bluhm
Edward C. Jones & Go
Patrick Street
Frederick
Also Mentioned on This Page
Mishel and Bernstein
Los Angeles
Ava
Clomny
First General Mortgage
First General Mortgage Company
First Virgin Bank
Creer
First Virgena Bank
Howe
Fox
General Confederation of Labor
Louis Schweitzer
Pehr Gyllenhammar
Velvn'e Maritime
North America
Associated Press
Sanyo Electric Co
Yasuaki Takano
Kenneth S. Courtis
Deutsche Bank Capital Markets
Asia
Wille
Siptas
Genes Sane
Marietta
NASA
Fcnb Bank
First National Bank
First Bank of Frederick
First Security F.S.R
INQ Mortgage Division
Steve Anthony
Washington, DC
Randy Blubs
Edward D. Jones & Co
John Doe
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