(Reuters) – Berksshire Hathaway (Mustache,, Mustache) said on Friday that more than 4,000 jobs broke in last year, even while the conglomerate managed by Warren Buffett was launching a record annual operational profit.
In regulatory submission, Berkshire said her dozens of operational companies employed about 392,000 people, which is less than 396,440 shown in the last annual report in February last February.
The application was not said which companies reduced or added the job. Larger Berkshire employees include BNSF Railroad, Geico Auto Insurer, Marmon Manufacturing and Service Operations and a chain of stopping a pilot truck.
Buffett’s assistant did not immediately respond to the commentary request.
Berksshire seeks to own strong companies that can be kept forever, but will make a reduction in work to deal with the market or business priority changes.
In 2023, Geico reduced 7,700 jobs while fighting losses in insurance, while accurate Castparts reduced 13,400 jobs in 2020, as the Coid-19 pandemic destroyed the demand for its aircraft parts.
More recently, the pilot has closed his international oil trading job and released most of the heads of the company to focus on stopping trucks and service stations.
Berksshire reported on a record $ 37.35 billion of operational profits in 2023 and $ 32.91 billion in the first nine months of 2024. He is expected to report on year -old results for 2024 at the end of February.
Buffett, 94, has been running Berksshire since 1965. The Konglomerate based in Nebraska is decentralized and Buffett is not involved in daily branch operations.
(Reporting Jonathan Stempel in New York; Bill Berkrot Mounting)
