Chicago Mayor Rahm Emanuel announced Friday he's laying off up to 625 city workers, after labor leaders blew a Friday deadline to come up with a list of cost-saving measures in order to avoid pink slips."I took the steps because I cannot wish away this budget shortfall," Emanuel said.
Hundreds of city workers will avoid being laid off for the time being, as Chicago Mayor Rahm Emanuel on Friday announced $20 million dollars in cost saving measures after a labor concession agreement was allowed to lapse.Emanuel ordered a partial hiring freeze and said seven city-run health clinics
Chicago’s new Board of Education will convene for the first time Wednesday to address a hot topic: whether the district can afford $100 million in raises scheduled for unionized employees.Less than four years ago, it was Chicago Public Schools that pushed the Chicago Teachers Union for an agreement
Cook County is slashing the nursing staffs at two of its hospitals. The cuts have been in the works for a while, but frustrated nurses are talking strike. Provident and Oak Forest hospitals will be losing about 60 percent of their nursing positions – 138 in total.
This recession has witnessed the return of the piggy bank, the money-filled shoebox, the savings account. With employment dipping and credit tightening, people are not terribly keen to spend terribly much. So how are retailers going to wrestle away money from the hoarding hordes?