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CNN Live Saturday
Post Labor Day, Time For Job Cuts
Aired August 30, 2003 - 16:06 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
FREDERICKA WHITFIELD, CNN ANCHOR: There may be signs the overall economy is improving, but it's about to get a lot harder to find and keep a job. From New York, CNN's Stacey Tisdale has a report to prepare you for what could be coming at the end of this year.
(BEGIN VIDEOTAPE)
STACEY TISDALE, CNN CORRESPONDENT: The tough U.S. job market want to get tougher. Economists say you're 25 percent more likely to lose a job after Labor Day than any other time during the year.
Over the past seven years, more than 80,000 jobs have been cut between September and December each month. Compared to just over 60,000 cuts in the preseeding eight months.
JOHN CHALLENGER, CHALLENGER, GRAY & CHRISMAS: Companies set their budgets and business plans early in the year. If they don't make them, they have to cut costs and that means down sizing.
TISDALE: Analysts say no matter what your position, consider Labor Day as a starting point in the campaign to preserve your job. Some suggestions: be willing to travel or relocate. Analysts say employeers look kindly on people that do whatever it takes to help the company. Learn everything that is going on in the industry. Read trade publications, competitors' Web sites and annual reports. Your efforts will be obvious to the superiors from the content of the conversations and your work.
Save money. Find ways to accomplish tasks in less time maintaining quality and don't be shy about telling your boss about your efforts. Another tip, don't be a complainer.
CHALLENGER: There's someone always complaining about what the company's doing, what the decisions are that have been made if they're wrong, often easiest for that manager to let that person go. It's not always about performance.
TISDALE: Even though it's a time of job cuts, job seekers should not be discouraged. Companies cut back in unprofitable areas but hire in places they think will bring results. Analysts say, just do your homework and know how your future employeer plans to grow. Stacey Tisdale, CNN, New York.
(END VIDEOTAPE)
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired August 30, 2003 - 16:06 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
FREDERICKA WHITFIELD, CNN ANCHOR: There may be signs the overall economy is improving, but it's about to get a lot harder to find and keep a job. From New York, CNN's Stacey Tisdale has a report to prepare you for what could be coming at the end of this year.
(BEGIN VIDEOTAPE)
STACEY TISDALE, CNN CORRESPONDENT: The tough U.S. job market want to get tougher. Economists say you're 25 percent more likely to lose a job after Labor Day than any other time during the year.
Over the past seven years, more than 80,000 jobs have been cut between September and December each month. Compared to just over 60,000 cuts in the preseeding eight months.
JOHN CHALLENGER, CHALLENGER, GRAY & CHRISMAS: Companies set their budgets and business plans early in the year. If they don't make them, they have to cut costs and that means down sizing.
TISDALE: Analysts say no matter what your position, consider Labor Day as a starting point in the campaign to preserve your job. Some suggestions: be willing to travel or relocate. Analysts say employeers look kindly on people that do whatever it takes to help the company. Learn everything that is going on in the industry. Read trade publications, competitors' Web sites and annual reports. Your efforts will be obvious to the superiors from the content of the conversations and your work.
Save money. Find ways to accomplish tasks in less time maintaining quality and don't be shy about telling your boss about your efforts. Another tip, don't be a complainer.
CHALLENGER: There's someone always complaining about what the company's doing, what the decisions are that have been made if they're wrong, often easiest for that manager to let that person go. It's not always about performance.
TISDALE: Even though it's a time of job cuts, job seekers should not be discouraged. Companies cut back in unprofitable areas but hire in places they think will bring results. Analysts say, just do your homework and know how your future employeer plans to grow. Stacey Tisdale, CNN, New York.
(END VIDEOTAPE)
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
