December 28, 2009
Berkshire cuts 21k jobs in ‘09
Warren Buffett’s Berkshire Hathaway has reported 21,000 lesser employees than its figures at the end of 2008 amid the global slowdown and a major slump at the firms manufacturing and retail units.
The company, along with its subsidiaries, has about 225,000 workers. This is reportedly, 8.6 per cent lower than the 246,083 disclosed in the company’s annual report released at the end of 2008.
This information from Berkshire revealed the jobs information in a document tied to its planned USD 26 billion takeover of railroad Burlington Northern Santa Fe Corp.
Buffett, 79, remarked, “When times are good, you’re going to have more people employed than when times are bad.”
