Greenspan Ignoring Merger-Related Job Cuts?

Jan. 13, 2005
When Federal Reserve Board Chairman Alan Greenspan says the government should let the current merger mania continue because the impact on the economy is minimal, maybe he's forgetting the workers displaced from their jobs. According to IndustryWeek ...

When Federal Reserve Board Chairman Alan Greenspan says the government should let the current merger mania continue because the impact on the economy is minimal, maybe he's forgetting the workers displaced from their jobs.

According to IndustryWeek research, nearly every major mega-merger in the last five years has let to the elimination of 3,000 to 5,000 jobs. And with eight, $26 billion mergers announced in the last two months, they could put as many as 40,000 people out of work.

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