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Job losses mount - no end yet
January 17th, 2009 in Random musings
US companies are shedding jobs at an alarming rate. We have not hit the bottom yet and most likely things will get worse before it goes better. Singapore has not really had the full impact of the cuts yet but it should be around the corner. Some of the more recent announcements include:
AMD: 1,100 jobs, 9% of work force.
ConocoPhillips: 1,350 (4%).
Pfizer: 2,400 in sales (33% of group).
Hertz: 4,000 (13%).
WellPoint: 1,500 (3.6%).
Circuit City: 30,000 jobs in jeopardy.