Ceramic Industry Blog


Job Losses Mount

December 9, 2008
/ Print / Reprints /
ShareMore
/ Text Size+

November was truly a dismal month in terms of unemployment, with over half a million jobs lost. Unfortunately, the cuts are proceeding apace in December; CNN reports that approximately 50,000 people have lost their jobs already this month.

Dow Chemical yesterday announced its plans to cut its workforce by 5000, while Sony revealed today that it will cut 8000 of its workers. It’s really getting to the point where I don’t want to read the news anymore. It’s like a shadow looming over the entire economic landscape-who’s going to be next?

The credit market appears to be picking up, which I suppose is cause for some cautious optimism (as long as you’re not into instant gratification). Rates might be low, but as job losses mount one wonders if anyone will be able to take advantage of them.


Has your company reduced its workforce, or does it plan to in the future, as a result of current economic conditions? Please share your experiences by entering a comment below.

Links

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

September 2014 Issue Highlights

Our September 2014 issue is now available!

Posted: December 15, 2014

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI December 2014 cover

2014 December

Be sure to check out our annual Services Directory and Business Guide, with additional articles on advanced glass components, ceramic grinding media, and more!

Table Of Contents Subscribe

Personal Smartphones

Do you use your personal smartphone or other device to complete tasks for your job?
View Results Poll Archive

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!