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Other boards have opted recently to share some of the pain experienced by workers, including those at Lufthansa and Deutsche Telekom.
ECONOMIST: The Mannesmann trial
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The Bolivian migration consisted largely of experienced workers and small entrepreneurs.
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The company says it can't find enough experienced workers to fill those jobs, so it taps recent chemistry graduates who have university lab training but little or no experience at a professional lab, where quality control and consistency are critical.
WSJ: Fine-Tuning the Perfect Employee
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Someone coming into the field is going to be competing with a lot of experienced workers who are also looking for work.
WSJ: Bureau of Labor Statistics Forecasts Fastest-Growing Jobs
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Who knows, there may even be an argument for mentoring as an aid to reconcile older workers to the reality of being managed by younger, probably less experienced people.
FORBES: 5 Methods for Social Leadership: Try Reverse Mentoring
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Not only that, but since workers were simply an expense item, Circuit City decided to lay off its most experienced (and expensive) workers and hold on the most junior ones.
FORBES: How We Can Rebuild The American Job Factory
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The Afghan government wants more aid but even if it were forthcoming, say experienced aid workers, it might not necessarily be absorbed.
ECONOMIST: Now the country's fragile peace must be made to stick
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And even in America, where the effect will be less marked, the retirement of the baby-boomers (which has just started) means that companies will lose large numbers of experienced workers over a short period.
ECONOMIST: The battle for brainpower
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Experienced social workers are leaving Birmingham for other jobs and his comments are likely to speed up the exodus.
BBC: Birmingham City Council social workers sacked
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Workers have already experienced a 2% average cut in their take-home pay, due to the expiry of the payroll tax holiday.
BBC: US economy shrinks a surprise 0.1% in fourth quarter