SAN NARCISO, Calif. (Bennington Vale Evening Transcript) -- Last August, Walgreens announced its plans for a $1 billion cost-reduction initiative. The largest U.S. drugstore chain upped the ante this Thursday when it revealed the anticipated closure of 200 stores across the nation, a move intended to further boost profits and increase the proposed cost-cutting effort by another $500 million. “After a rigorous analysis, the company has identified additional opportunities for cost savings, primarily in its Retail Pharmacy USA division,” company spokespeople explained in a statement to the press. Reorganizing staff and eliminating overhead expenses were two of the main strategies discussed. However, the decision to shutter 200 points of operation has left many wondering what will become of the workers in those locations. Walgreens vowed that it will not lay off its employees. Instead, the company launched a revolutionary program, patterned off of Uber’s obscenely lucrative business model, which will allow the affected workers to become independent contractors who peddle drugs directly to consumers on the streets.
Showing posts with label jobs. Show all posts
Showing posts with label jobs. Show all posts
Thursday, April 9, 2015
Walgreens' Cost Cutting Lesson From Uber -- Will Close 200 Stores But Keep Employees as Independent Drug Dealers
SAN NARCISO, Calif. (Bennington Vale Evening Transcript) -- Last August, Walgreens announced its plans for a $1 billion cost-reduction initiative. The largest U.S. drugstore chain upped the ante this Thursday when it revealed the anticipated closure of 200 stores across the nation, a move intended to further boost profits and increase the proposed cost-cutting effort by another $500 million. “After a rigorous analysis, the company has identified additional opportunities for cost savings, primarily in its Retail Pharmacy USA division,” company spokespeople explained in a statement to the press. Reorganizing staff and eliminating overhead expenses were two of the main strategies discussed. However, the decision to shutter 200 points of operation has left many wondering what will become of the workers in those locations. Walgreens vowed that it will not lay off its employees. Instead, the company launched a revolutionary program, patterned off of Uber’s obscenely lucrative business model, which will allow the affected workers to become independent contractors who peddle drugs directly to consumers on the streets.
Thursday, October 11, 2012
Romney Seeks Tough U.S. Policy on China, Encourages Outsourcing to Eastern Europe and Mexico Instead
SAN NARCISO, Calif. (Bennington Vale Evening Transcript) -- Republican presidential challenger Mitt Romney pledged to restore American jobs and economic prosperity by getting tough on China. In a statement Thursday -- setting the tone for his running mate's debate with Vice President Joe Biden -- Romney vowed to designate China a "currency manipulator" the first day after his inauguration, something no administration has done in nearly two decades. During his tenure at Bain Capital, Romney outsourced a staggering number of U.S. jobs to economically depressed countries, with China taking the lion's share of the work. In 1992, Bain closed down the Holson Burnes plant in South Carolina and offshored more than 75 percent of its manufacturing. Ten years later, Romney helped implement an internal IT system for state offices in Massachusetts by ditching pricey New England contractors for resources in China. But Romney now believes China has gotten greedy, enabled by the current administration's leniency. "What we have seen from the Obama administration has been acquiescence to China," Romney said of the president's "pivot" to Asia. To show voters his commitment to U.S. interests, Romney will fight to prevent companies from offshoring labor to China by encouraging them to consider outsourcing to India, Eastern Europe and Mexico instead.
Tuesday, September 25, 2012
FEC Filings Show Obama with Double the Campaign Staff at Same Cost -- Romney Announces Plans to Outsource
Tuesday, July 17, 2012
Romney Says Plan Will Not Send 800,000 Jobs Overseas, Outsourcing is About Eliminating Jobs
WASHINGTON, D.C. (Bennington Vale Evening Transcript) -- Much has been made by the Obama campaign about discrepancies in Mitt Romney's tenure with Bain Capital. A lot of that confusion has been generated by Romney himself. The 2012 Republican presidential contender ostensibly wants the public to know two opposing things: one, that he was the "controlling person" in several Bain investments between 1999 and 2002; and two, that he was not actually the "controlling person" overseeing those investments. It's quite a pickle. A senior campaign advisor for President Obama summed up Romney's position as being either a felon for misrepresenting his position at Bain to the SEC, or a liar for misrepresenting his position at Bain to voters. Seizing on this momentum, Obama gleefully attacked his opponent for a plan that could send over 800,000 American jobs overseas. But Romney, who has since been on the defensive, cried foul with new attempts to illustrate "Obama's distortions and lies." Romney called the president's interpretation of his plan misleading and misinformed: "This proves the president knows nothing about business. We're not going to send nearly a million jobs overseas; the point of outsourcing is to eliminate jobs."
Wednesday, May 23, 2012
Romney Calls American Education 'Third-World,' Something He Recognizes From Outsourcing Days at Bain
"I know better than Barack Obama what a third-world education looks like; I've outsourced thousands of jobs to third-world countries." -- Mitt Romney
BOSTON, Mass. (Bennington Vale Evening Transcript) -- Bain Capital, a private equity and assets management firm co-founded by Mitt Romney, outsourced a staggering number of American jobs to economically depressed countries under Romney's watch. "If you just look at some of the Bain startups, like Sports Authority, Staples, Bright Horizons, the job number you come up with is in excess of 100,000," the Romney campaign boasted during the January 2012 debates. And most of those jobs went to cheap labor in foreign markets. But that's also the tremendous benefit of Romney's overseas experience -- he has proven more instrumental than President Obama in creating hundreds of thousands of jobs, embracing globalization, and keeping overhead low for business owners. Now, that same experience in third-world countries is giving Mitt Romney an edge over Obama in, of all things, education reform.
BOSTON, Mass. (Bennington Vale Evening Transcript) -- Bain Capital, a private equity and assets management firm co-founded by Mitt Romney, outsourced a staggering number of American jobs to economically depressed countries under Romney's watch. "If you just look at some of the Bain startups, like Sports Authority, Staples, Bright Horizons, the job number you come up with is in excess of 100,000," the Romney campaign boasted during the January 2012 debates. And most of those jobs went to cheap labor in foreign markets. But that's also the tremendous benefit of Romney's overseas experience -- he has proven more instrumental than President Obama in creating hundreds of thousands of jobs, embracing globalization, and keeping overhead low for business owners. Now, that same experience in third-world countries is giving Mitt Romney an edge over Obama in, of all things, education reform.
Thursday, March 1, 2012
Conservatives Lose Andrew Breitbart and Controversial Indian-based Jobs Bill -- One Passes, One Doesn't
SAN NARCISO, Calif. (Bennington Vale Evening Transcript) -- The conservative noise machine lost some of its steam and clamor Thursday with the deaths of right-wing journalist Andrew Breitbart and a congressional jobs bill predicated on a study of Indian poverty. Breitbart, 43, was pronounced dead at 12:19 a.m. at UCLA Medical Center. The jobs plan died hours later. Breitbart collapsed walking near his home around midnight, according to his father-in-law, actor Orson Bean. Paramedics were unable to revive him. Ultra-conservative Tea Party members, among Breitbart's biggest supporters, praised God for deciding the writer's fate instead of leaving him to the amoral pseudo-science of medical doctors. However, other officials deep within Party ranks expressed concerns that Breitbart's passing may have been the Lord's condemnation for his support of conservative gay rights groups (GOProud) and his role in founding The Huffington Post, a socialist propaganda publication. The cause of Breitbart's death is being classified as natural causes pending the results of an autopsy. Based on the findings, socially conservative lawmakers have said they are prepared to expand the definition of "natural causes" to include factors such as drugs, auto-erotic asphyxiation and bum fighting -- a standard courtesy for all Party advocates that was enacted in December 2010, following Rush Limbaugh's heart attack scare.
Monday, January 9, 2012
Romney Clarifies Remark on Firing People and Discharges Speech Writers Responsible for Gaffe
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| Courtesy Getty Images |
Tuesday, September 6, 2011
Rick Perry Calls President Obama’s Jobs Speech a Diversion from Real Issues
SAN NARCISO, Calif. (Bennington Vale Evening Transcript) -- As President Obama prepares to deliver a major jobs speech on Thursday, conservative Republican presidential candidate Rick Perry warned his supporters against falling prey to a politically motivated address full of “red herrings and fear-based rhetoric” that will be used to pass a dangerous socialist agenda. Perry said he believes the White House will leverage the country’s concern over unemployment to promote public sector jobs and the subsequent expansion of the federal government. “If you’re already struggling to make ends meet -- if you’re fighting to keep the IRS from your doorstep -- this is just going to make things worse. I should know. When I first started as a civil servant, I made $45,000 a year. But by 2007, I was making six figures and using my position to amass over a million dollars in government land deals. You know who paid for that? You. For the good the country, we can’t allow this to continue.”
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