US job losses increase

02-08-2005

Restructuring takes its toll. Organisational restructuring remained the principal reason for job losses in the US, according to research by HR firm DBM.

The firm�s annual United States Career Transition Study revealed almost 30% more Americans lost their jobs in 2004 compared with 2001, because of downsizing.

Mergers, acquisitions, reorganisations and restructuring were common causes of the restructuring.

DBM�s president and chief executive Charles F Kalmbach said: �Because companies continue to reinvent themselves, whether by developing new business models or new lines of business, DBM expects 2004�s job less trends will continue.�

Richard Staines
RECRUITER

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