Cisco freezes recruitment as US economy slows

first_imgCisco freezes recruitment as US economy slowsOn 27 Feb 2001 in Personnel Today Thisweek’s international news.US-basedCisco Systems has put a temporary freeze on recruiting staff, a sign that theUS economy’s slowdown is hitting businesses. In contrast, Cisco nearly tripledits workforce in the past two years, adding 30,000 employees worldwide. JohnChambers, chief executive of the manufacturer of switches and routers to directtraffic for telecoms and Internet providers, admitted a temporary recruitmentfreeze has been in place since the beginning of the year. into car firm to break up staff sit-inThousandsof police stormed bankrupt Korean car giant Daewoo’s main plant, ending afour-day sit-in by 300 workers. Officers used excavators to demolish the gateafter clashing with staff, who hurled firebombs before fleeing inside theBupyong factory, near the South Korean capital Seoul. Unions were protesting atDaewoo’s decision to issue 1,700 redundancy notices. A Korean court ordered thefirm to cut 12,800 jobs worldwide after it collapsed with debts of £55bn.‘disturbed’ by allegations at factoriesAsurvey into conditions at Indonesian contract factories used by sports clothingcompany Nike has uncovered allegations of sexual harassment and verbal abuse.Interviewees also claim that two employees, in different plants, had died atwork having been denied medical attention. Workers in one factory claimed thatfemale recruits were encouraged to date managers to ensure promotion. Nike,which released the report last week, has promised to implement a “remediationplan” due to the “disturbing” Comments are closed. Previous Article Next Article Related posts:No related photos.last_img read more