Job Cuts Poll #1

Job Losses Since November 2005- 6717
December 2- CIBC Cuts 900 Jobs
Current Total- 7617 Canadians out of work

"The real story is what doesn't happen in the headlines; it's the five or 10 jobs that are lost each week or each month and eventually they really tend to add up.That's one of the bigger stories that's looming over every other minor cyclical story we talk about," said Doug Porter, deputy chief economist at BMO Nesbitt Burns.

Through the Election I will be running a jobs cut poll. The numbers of folks losing thier jobs in Canada.This is a direct result of the Liberals and Conservatives economic strategies, or lack of them, that impact on real working folks in Canada.

CIBC has announced that due to its illegal entaglement with Enron it is cutting 900 jobs to make up for the billions they had to pay in fines. While workers at the Bank lose their jobs the CEO in charge during the Enron affair got massive pay raises and bonuses. The bank attracted a lot of criticism from some shareholders when it awarded former CEO John Hunkin a retirement package worth $52 million just a month before the bank reported a $1.9 billion quarterly loss because of its Enron settlement. While CIBC is also purging management who are leaving with Golden Parachutes, after laying Golden Showers on their employees and shareholders. The bloodletting at the bank has already begun, with $100 million spent in the fourth quarter on severance payments for 50 parting executives: 10 executive vice-presidents, 21 senior vice-presidents and 19 vice-presidents.

While Stats Canada reports; Jobless rate drops to 6.4%, another 30-year low.
the reality is that this is NOT full employment which was promised all workers after the end of WWII. Nor has there ever been full employment in any of the G8.