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EMPLOYMENT NEWS
Barbara Pachter used to take pictures for the Evening Bulletin.
But when the newspaper nearly everybody read printed its last edition 25 years ago, it didn't matter whether Pachter was good - she was out of a job. What mattered was her position as acting president of the Philadelphia Photographers Association.
In Philadelphia, unlike Boston, Chicago or Washington - in fact, unlike most cities - there are more college dropouts than citizens holding just a bachelor's degree.
It was a tough day at Charming Shoppes Inc.
The Bensalem women's-apparel retailer yesterday lost a key executive to a local rival; announced that it was cutting its management staff by 150, or 13 percent; and would be closing 150 stores, 100 of them in its popular Fashion Bug chain.
One in five members of local construction unions belongs to a minority group, according to numbers released yesterday by the unions in the lead-up to City Council's vote to move ahead with the $700 million Convention Center expansion.
SAN FRANCISCO - After seven months as chief executive officer, Yahoo Inc. cofounder Jerry Yang has concluded that hundreds of employees will have to be fired to help the slumping Internet icon recover from years of misguided management.
Citigroup Inc. plans to cut more than 20,000 jobs, slash its quarterly dividend, and collect at least $10 billion in cash from outside investors to shore up capital eroded by subprime losses, the Wall Street Journal reported yesterday, citing unidentified people familiar with the matter.
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LOCAL COMPANY PROFILES
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