Linked by Thom Holwerda on Mon 8th May 2006 13:18 UTC, submitted by BluenoseJake
SGI and IRIX Silicon Graphics Inc. has filed for Chapter 11 bankruptcy. The press release sugarcoats: "Silicon Graphics today announced that it has reached an agreement with all of its Senior Secured bank lenders and with holders of a significant amount of its Senior Secured debt on the terms of a reorganization plan that will reduce its debt by approximately $250 million, greatly simplifying its capital structure." El Reg, The Inq, and the WSJ have more.
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Simba
Member since:
2005-10-08

> The problem with the US; stupid employment laws requiring
> the employer to pay everything from healthcare to retirement to
> god knows what - that isn't the roll of the business!

Um... Those those laws are in place to prevent companies from practicing worker exploitation--something that is way too common in some of the places where manufacturing jobs are being outsourced to. Sure we could get rid of those regulations And then clothing companies could make their clothes here for dirt cheap... After all, we could allow companies to exploit child labor, and ignore safety requirements, and make workers work 12 hour shifts 7 days a week, and not pay any benefits, and not have to pay up when the fact that they ignored safety requirements results in workers being injured, or worse, and unable to provide for their families, and that kind of thing.

Edited 2006-05-09 05:50

Reply Parent Score: 1

Johann Chua Member since:
2005-07-22

Healthcare and such should be the government's concern.

Reply Parent Score: 1

twenex Member since:
2006-04-21

Even when it's the government's concern, as it is in the UK, the government still takes part (actually most) of the healthcare contribution from the employer, paid out of the gross amount you get paid.

Reply Parent Score: 1

Simba Member since:
2005-10-08

> Healthcare and such should be the government's concern.

Ok. Multiple question quiz time.

Government health care for 300 million people will:

A: Bankrupt the federal budget

B: Raise taxes to 70% or 80% of a person's income.

C: Result in lower quality health care and long wait times to be seen

D: All of the above

Reply Parent Score: 1