Dec 102008
- Image by sanbe_bro via Flickr
Apart from daily blog feeds, “The Times of India” has been a regular on my office desk since last couple of years. I turned over the business section today, and following the headlines on that page
- Corus seeks UK’s financial aid
- Manufacturing to cut 10-30% jobs
- Sony Plans to axe 16000 jobs
- ArcelorMittal to lay off 1500 in Germany, Belgium
- Global air traffic to fall by 3% in 2009
- Mitsubishi to recall 200,000 SUVs
- Government booster not enough for core sector
Clearly, the pessimism is the sentiment which was printed in the lemon ink on the paper. I wonder if we are somehow able to assimilate the information conveyed through daily headlines, and asked to summarize business health on a score of 10, this would not go beyond 2-3. More days like this, and we will be seeing a couple of more zeros in the numbers.
These links on web can be read for further reference
- World’s biggest steel maker to cut 9,000 jobs
- Sony cuts 8,000 jobs
- China downturn deepens
- ArcelorMittal looks to cut jobs
- Brown and Sarkozy meet to discuss bailout plans
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ashish
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