On this day in Labor History the year was 1996. That was the day that “Chainsaw”  Al Dunlap lived up to his nickname. Under his leadership, the Board of the Sunbeam Corporation agreed to eliminate half of the company's 6,000 employees and 87% of its products.  Dunlap had built a reputation for ruthlessly restructuring companies. His policy of implementing sweeping layoffs and plant closures earned him the nickname “Chainsaw Al.”