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01.08.2008 - Schwarzenegger cuts 22,000 jobs

The governor of the US state of California, Arnold Schwarzenegger, has cut 22,000 part-time and temporary government jobs in a bid to combat a multi-billion-dollar deficit.

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He has also ordered France's Credit Mutuel buys Deutsche Citibank ...
Telekom to Take Control of Greece's OTE ...
that 200,000 state workers receive the federal minimum wage until the state budget for 2008-2009 is approved. The jobs to be eliminated include those of seasonal employees, temporary workers, student assistants and retired state employees who work under contracts. The move comes after lawmakers failed to approve a budget at the start of the state's new fiscal year on July 1, with Democrats and Republicans at loggerheads over how to narrow the deficit.


(Deutsche Welle)


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