Don’t Let The Corporations Fool You: Here’s Why Furloughs Will Turn Into Permanent Job Losses [Forbes]
Loews Corporation (L)
Last loews corporation earnings: 2/10 06:00 am
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Source: Forbes
GettyOut of nowhere, we have started to hear the term “furlough” being thrown around. In rapid-fire succession, companies disseminated press releases announcing that they plan to furlough “x” amount of people.By definition, a furlough is a temporary layoff from work. Most people’s initial thoughts upon learning of it was that it was a softer, nicer act compared to the harsh-sounding “termination,” “fired,” “riffed,” “laid off” or “axed.”Furlough implies that a person will soon return to his or her job. The company hopes that business conditions will improve and it can bring back its employees. In this current combination of a health, economic and job crisis all rolled into one big mess, using the term is misleading and disingenuous. It's a feel-good ruse constructed to make it seem that everything will be okay and the corporation is actually in sound financial shape.Today In:As time past, roughly over 40 million people are now out of work (if you count recent unemployment figures sinc
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News
- Mindful Consumption Gets A Bespoke Feel With New Loews ‘Free Spirited' Program [Forbes]Forbes
- Loews Corporation to Release First Quarter 2024 Results on May 6, 2024PR Newswire
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- NYC power lunch makes comeback as more workers return to office [Yahoo! Finance]Yahoo! Finance
- Loews Hotels & Co Launches "Free Spirited" Programming [Yahoo! Finance]Yahoo! Finance
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Sec Filings
- 4/23/24 - Form 8-K
- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- L's page on the SEC website