Companies Say No Layoffs No matter the Bad Economy

[pennypinch]

A whopping 40,000 jobs have been cut in just this past week alone. These include cuts at Dow Chemical, Electronic Arts, the National Football League and Sony Corp. They say this is because of the bad economy and is something they simply cannot avoid doing.

There are some companies though that say they will not be handing out any pink slips no matter what the economy is.

One of these companies is Southwest Airlines. Southwest Airlines is committed to their employees and will do whatever they can to avoid cutting jobs.

Companies such as Hypertherm and public companies like Lincoln Electric and steelmaker Nucor have a No-Layoff policy in place and they say they have no intention of doing away with that now.

A spokesman for Nucor, Gregg Lucas says the company has had the No-Layoff policy in place since 1966 and have held that standard ever since.

A spokeswoman for Erie Insurance, Vanessa Paris says that they do not have any no-layoff policy but that also avoid it any way possible. This company has been in business since 1925 and had never layed anyone off.

Many of these companies are finding ways to cut costs instead of cutting jobs in these hard economic times. This is great news for those who are employed for these companies. Also many employees are willing to do what they can to protect the companies bottom lines to ensure the future of their jobs. They have no need to worry about job security in the future.

[dollardaze]

There have been so many layoffs all over the country, it's scary. Having a job with a company that has a no layoff policy would be a tremendous benefit. All companies should look into ways of cutting back costs without cutting jobs. We wouldn't be in such a mess financially in this country, if that was the case.

[dimetime]

Oh I agree, there really does need to be more companies which have this no layoff policy. This would help a whole lot of people, especially in trying times like these.

Right now there are just so many people that have been laid off due to the economy that its just amazing, jobs in smaller areas are almost nonexistent, and its becomming the same way in much larger areas.

Companies who hold such policies as this no lay off policy, are going to have themselves some extremely happy employees, and as we all know if the employees are happy the work and productions move along a great deal better.

More companies nationwide should really find ways of keeping their employees on the payroll where they belong.

[dollardaze]

Don't you think that companies with no layoff policies would get better workers also? I've never worked for a company that had a no layoff policy, but I have worked for some crummy organizations that couldn't keep their good workers for long at all, because the execs didn't care about the workers.

I think that a company that cares about what happens to its workers is able to keep a top-notch staff and therefore would be more successful.

[carol b]

I wish all companies were like that. Another local plant will be laying off another hundred people. This is the worst I have ever seen the unemployment rate in my county. I don't know how we are going to make it but I am sure that I will be locking things down as need is the mother of invention and theft. I hate to think that way but in the past six months crime has increased and will continue I suspect