Saturday, December 26, 2009

Berkshire Hathaway Eliminates 21,000 Jobs

Warren Buffett's holding company come has experienced a significant decrease in employees at its operating subsidiaries.

Berkshire Hathaway Inc. reported 21,000 fewer employees than it had at the end of 2008, Bloomberg reports.

Berkshire and its subsidiaries have about 225,000 workers. That’s 8.6 percent lower than the 246,083 disclosed in the 2008 annual report. Berkshire provided the jobs information in an SEC filing tied to its planned $26 billion takeover of railroad Burlington Northern Santa Fe Corp.

Berkshire's size and diversification means that it starts to mimic, to some degree, the overall economy.

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