Younger Americans buried in debt

The golden years of today’s young adults might be plastic. “If what we found continues to hold true, we may have more elderly people with substantial financial problems in the future,” aid Lucia Dunn, an Ohio State University professor of economics, who has been studying some of the demographics related to borrowing. “Our projections are […] [Read More]
Categories: Credit markets, Economy

Pratt cuts 200 jobs as last F119 engine delivered

Pratt & Whitney confirmed Tuesday it is cutting about 200 salaried positions in Connecticut. The company did not provide any specific cause for laying off the workers, but the announcement comes the same week the company is to deliver the last of the F119 engines for the F-22 Raptor. Pratt scheduled a ceremony for Thursday […] [Read More]
Categories: Defense, Labor
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First “mass” layoff notice of 2013 filed for Suzuki of New Haven

Well, the state Labor Department received its first mass layoff notice of the year this week from American Suzuki Motor of New Haven, which reported it is laying off 1 person on March 14. It’s unclear why the company filed for just 1 person. The filing said it is not shutting down. Usually, the Worker […] [Read More]
Categories: Labor