20,000 job cuts in California
February 17th, 2009 - 3:00 pm ICT by Amrit Rashmisrisethi
On Tuesday, 20,000 state workers will be notified and their jobs may be eliminated, a spokesman for Governor Arnold Schwarzenegger said. Due up on the brink of running out of cash.
The announcement came a day after California lawmakers narrowly failed to pass a US$40 billion budget that would have plugged the state’s deficit with a mix of tax hikes and spending cuts. The layoff notices will affect about 20 percent of state workers. The positions would be eliminated in June in preparation for California’s next fiscal year, which starts in July.
California, is America’s most populous state and the world’s eighth biggest economy, which is now experiencing a dramatic fall in revenues because of the housing downturn, rising unemployment and a sharp pullback in consumer spending.
- California Governor Schwarzenegger orders mass layoffs - Feb 18, 2009
- Arnie planning to reprise his career as Hollywood action hero - Feb 11, 2011
- Arnie gets parking ticket a day after leaving office - Jan 05, 2011
- Sarah Palin hits back at Arnie's 'can't see Russia' Twitter jibe - Sep 11, 2010
- 'Law & Order' to take on Arnold Schwarzenegger's infidelity saga - Jul 20, 2011
- Schwarzenegger to meet former mistress, son - Jul 12, 2011
- California Legislator Proposes Turning Neverland Ranch Into State Park - Jul 15, 2010
- US unemployment rate falls to nine percent - Feb 05, 2011
- Schwarzenegger back on 'Terminator' series - Apr 28, 2011
- Arnold Schwarzenegger Accepts Suggestions to Return to Acting - Feb 12, 2011
- Schwarzenegger, wife reunite for birthday - Aug 02, 2011
- Governor Schwarzenegger appeals to save 'California dream' - Jun 03, 2009
- Schwarzenegger in talks for 'True Lies' sequel - Mar 23, 2011
- Gigi Goyette claims to be Arnold Schwarzenegger's mistress - May 26, 2011
- Schwarzenegger mistakenly votes for two California Senate primary candidates - Jun 09, 2010
Tags: arnold schwarzenegger, brink, budget, california lawmakers, consumer spending, downturn, dramatic fall, economy, fiscal year, governor arnold schwarzenegger, job cuts, jobs, layoff notices, populous state, sharp pullback, spokesman, unemployment
