![]() 988,639,876 visitors served. |
|
![]() Dictionary/ thesaurus | ![]() Medical dictionary | ![]() Legal dictionary | ![]() Financial dictionary | ![]() Acronyms | ![]() Idioms | ![]() Encyclopedia | ![]() Wikipedia encyclopedia | ? |
layoff |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.18 sec. |
|
Layoff 1. When a company eliminates jobs regardless of how good the employees' performance.
2. A risk reduction, made by investment bankers, that minimizes the potential downside associated with a commitment to purchase and sell a stock issue unsubscribed by stockholders holding rights. Notes: 1. This is usually because the company is facing financial difficulties.
2. This is a method whereby an investment banking firm, who has committed to buying up all the unsubscribed shares during a rights offering, will reduce the time risk involved due to the difference between entering into the contract and selling the shares. In other words, they are hedging against any losses due to time.See also: Hedge, Investment Banker
|
|
? Mentioned in | ? References in periodicals archive | ||
|---|---|---|---|
| Amidst all the doom and gloom predictions of big layoffs sweeping through the Southern California economy following Boeing's announcement, the impact on the more than 600 local suppliers for the C-17 appears at first blush to be fairly minimal. This spring, his first book, The Disposable American, appeared, expanding on his series, describing how massive layoffs hurt individual workers, their families, their companies and their communities. According to an Associated Press report, the Independent Steelworkers Union has received official notification from Mittal Steel of the layoffs of approximately 800 workers, another step in the company's plan to permanently shut down the Weirton facility. |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content NEW! | Linking | Lookup box | Double-click lookup | Partner with us |
|
|---|