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Although federal laws now require employers to give 60 days notice to its employees if they plan on doing mass layoffs, the Worker Adjustment and Retraining Notification Act was still eleven years from going into effect at the time, and Youngstown Sheet and Tube instantly put 5,000 workers out of work. The day is still known locally as "Black ...
The company abruptly closed its Campbell Works and furloughed 5,000 workers on September 19, 1977, [3] a day remembered locally as "Black Monday." The Brier Hill Works and the company's plants in Indiana were sold to Jones and Laughlin Steel, later acquired by Ling-Temco-Vought (LTV), a conglomerate. The Brier Hill Works closed in 1979 as part ...
Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was the global, severe and largely unexpected [1] stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion. [ 2 ]
On Monday, 10 Democratic members of Congress representing California wrote Soon-Shiong, expressing alarm over the planned layoffs, noting that during elections, “the role of news outlets in ...
The Associated Press said Monday that it would begin offering buyouts and lay off selected employees, part of a plan to reduce the news outlet's staff by about 8% and accelerate a transition to a ...
The first of three cases on Black Monday read out was Humphrey's Executor v. United States. [28] After taking office, President Roosevelt came to believe that William E. Humphrey, a Republican appointed to a six-year term on the Federal Trade Commission (FTC) in 1931, was at odds with the administration's New Deal initiatives. Writing to ...
Ford on Monday said it was furloughing a total of 330 workers at its Chicago Stamping and Lima, Ohio Engine plants, while GM layoffs included 130 at its Parma, Ohio Metal Center and 34 at its ...
Black Monday is an American historical dark comedy television series created by Jordan Cahan and David Caspe that premiered on January 20, 2019, on Showtime.The series stars Don Cheadle, Andrew Rannells, Regina Hall, Casey Wilson, and Paul Scheer, and follows the employees of second-tier Wall Street trading firm the Jammer Group during the year leading up to "Black Monday", the day when ...