Ah, poor working stiffs

Just can't catch a break. But by golly, American capitalism is the best system in the world!

Yet more factory closings.

Colgate-Palmolive, the consumer products giant behind brands like Ajax and Irish Spring, plans to cut its worldwide work force by about 12 percent, or 4,400 jobs, and close one-third of its factories as part of a four-year plan aimed at boosting its sales and profit. Its stock climbed nearly 8 percent.

[...]

During a conference call with investors, Chairman and CEO Reuben Mark said the job cuts would come mostly from manufacturing and said that factories, both general plants and special-purpose plants, are being closed worldwide. He added that notifications were being issued Tuesday but didn't identify the facilities.

Houston Chronicle article

Can't have any corporate slowdown in profits, now can we? How you gonna get your trickle down?

Oh. Maybe they won't close down the stateside shops. Uh-huh. Join the lines of laid off factory workers, ladies and gentlemen. Join the lines. And don't expect any social safety net to take up the slack.

...but hey, do what you want...you will anyway.