Tagged: layoffs

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with massive layoffs in Greece.

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INSKEEP: Greek lawmakers approved emergency plans to cut 15,000 government jobs by the end of next year. They have to do that in order to receive more European Union bailout funds.

The Greek parliament approved a measure in a vote on Sunday. Their new law will overturn what had been a constitutional guarantee for public sector workers to have a permanent position for life.

Transcript

DAVID GREENE, HOST:

NPR's business news starts with layoffs at Eli Lilly.

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As we await Friday's much-anticipated report about the February unemployment rate and how many jobs were added to employers' payrolls last month, there are these new bits of economic data to chew over:

-- The Employment and Training Administration says there were 340,000 first-time claims for unemployment insurance last week. That's down from 7,000 the previous week. Claims continue at a pace that's the lowest since first-quarter 2008.