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Abbott Laboratories Message Board

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  • dornweg dornweg Oct 18, 2012 10:08 AM Flag

    abt cutting 550 jobs....is it good for america???

    since this is yet a capitalist compay where investment cash is needed for companies to stay in business, managements must make decisions as to present and future earnings. management could hire more employees but if earnings dont warrant the costs this will reflect on value of company which sends company in decline.

    if even more employees lose their jobs due to OTHER companies taking advantage of anothers weakened condition, how is THIS beneficial to taxpayers who now must support liabilities of nonworking families, not to mention investment cash lost.

 
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