TG: China’s plan to boost flagging growth is the very definition of economic insanity
THE GUARDIAN writes: China’s leaders seem to have invoked the definition of insanity, attributed, perhaps wrongly, ...
XOM: INCOME PLAYSTLA: BOUNCING FROM LOWSCHRW: A SLEW OF UPGRADES MAERSK: MOMENTUMAAPL: BOOOOMMMAMZN: CONF CALL TRANSCRIPT SCREENING ZIM: MAERSK BOOST DHL: SHRUGGING OFF CYBER TROUBLE SO FARGXO: WINCANTON RISK HEIGHTENSGXO: REMARKS THAT WERE NOT LIKEDMAERSK: SURGINGMAERSK: CLIENTS NOT EXPECTED TO PAY MORE FOR GEMINIMAERSK: NO GXO APPETITEMAERSK: 'NOT FULLY SATISFIED YET' MAERSK: 'GEMINI DESIGN' MAERSK: GEMINI NETWORK MOVING PARTSMAERSK: CAPITAL RETURNSMAERSK: CONSOLIDATION ON THE RADARMAERSK: CONF CALL
XOM: INCOME PLAYSTLA: BOUNCING FROM LOWSCHRW: A SLEW OF UPGRADES MAERSK: MOMENTUMAAPL: BOOOOMMMAMZN: CONF CALL TRANSCRIPT SCREENING ZIM: MAERSK BOOST DHL: SHRUGGING OFF CYBER TROUBLE SO FARGXO: WINCANTON RISK HEIGHTENSGXO: REMARKS THAT WERE NOT LIKEDMAERSK: SURGINGMAERSK: CLIENTS NOT EXPECTED TO PAY MORE FOR GEMINIMAERSK: NO GXO APPETITEMAERSK: 'NOT FULLY SATISFIED YET' MAERSK: 'GEMINI DESIGN' MAERSK: GEMINI NETWORK MOVING PARTSMAERSK: CAPITAL RETURNSMAERSK: CONSOLIDATION ON THE RADARMAERSK: CONF CALL
(For the record, Steve Ferreira wrote on its LKDN wall: “Mystery deepens around United Furniture Industries [UFI] layoff of its entire staff of 2,700. Topocean currently dealing with 16 containers arriving for UFI in the past 10 days, disposition of these containers uncertain at this time. #furniture #oceanfreight #shipsandshipping #logistics“. Kerry Logistics is the new owner of Topocean.)
THE GUARDIAN reports:
A Mississippi-based furniture company abruptly fired nearly 2,7000 workers in the US just days before Thanksgiving, according to multiple reports.
Right before midnight on 21 November, thousands of workers – many of whom were asleep – received a text message from United Furniture Industries (UFI) saying that they were terminated effectively and were no longer allowed to return to work.
“At the instruction of the board of directors … we regret to inform you that due to unforeseen business circumstances, the company has been forced to make the difficult decision to terminate the employment of all its employees, effective immediately,” the message, which the New York Post reviewed, said.
“Your layoff from the company is expected to be permanent and all benefits will be terminated immediately without provision of Cobra,” a follow-up email from the company read, referring to a federal law that gives employees who lose their jobs the option to keep their employer-sponsored health insurance under certain circumstances…
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