Apr 30, 2012
The Baltimore Business Journal list of greater Baltimore’s 20 biggest companies shows that in recent years profits are increasing with these companies piling up cash. At the same time, the total number of employees has gone down from around 82,500 to 67,500 – a reduction of 15,000 workers.
These companies have been reducing their workforce and forcing the remaining workers to pick up the slack. The workers’ increased productivity has not benefitted them – either through higher pay or reduced hours of work. The companies and their owners have taken it all at the workers’ expense.