Tom Harkin: “I think this bill, at the time it came up, was probably well intentioned. Another article I want to have printed in the…”

“I think this bill, at the time it came up, was probably well intentioned. Another article I want to have printed in the Record is an article from Labor Relations Week, dated September 30, 1998: The latest data from the Challenger report showed that so far this year, electronics industry job reductions announcements have totaled 60,845, and those in the computer industry totaled 40,642. Layoff Reports Outpacing Level Seen Last Year; High-Tech Hit Hard With high-technology industries particularly hard hit, the pace at which U.S. corporations are announcing workforce reductions remained brisk through August, according to the latest figures from the international outplacement firm Challenger, Gray & Christmas. In August, U.S. companies announced that they plan to make job cuts totaling 37,717, the Challenger report, released Sept. 8, said. That figure, while it was smaller than reported in July, put the total for the first eight months of this year at 358,394--which is 37 percent higher than the total for the comparable period of 1997.”