Page Top Churned Out by Business Coca-Cola recently announced it will lay off 6,000 workers, or 20 percent of its workforce. J.C. Penney plans to shut down 300 stores, laying off undisclosed thousands. Bethlehem Steel wants to cut its salaried workforce by 15 percent. The newly merged Exxon Mobil says it will lay off as many as 16,000 people. But I guess the world is changing, and you just have to accept it.
Problem is, they put huge tax cuts for rich people and businesses into the bill as well.
The House bill also includes a provision that would exempt 1.5 million workers from overtime pay, including computer professionals and people in home offices. President Clinton has promised to veto the bill if it comes to his desk in this form. That corporation would appoint a Medical Advisory Board that would alone determine whether a person s illness qualified as asbestos-related. Workers would be required to enter into arbitration before they were allowed to file a lawsuit against a company that exposed them to asbestos dust. The bill would also prohibit punitive damages against companies in civil suits over asbestos exposure.