Tuesday, October 6, 2009

Second wave of the economy crisis

When news reported Germany is out of Recession some weeks ago, i was relieved, so relieved like you wouldn't believe it. Then i thought, actually the economy crisis wasn't so bad, ok, the bankers lost their jobs, the GDP was down, but it didn't really hit home- until now. BA is cutting 1500 jobs, NIKE cut 15% of their global workforce, people are being layoff as we speak, so is my company. Restructuring and restructuring, and restructuring. I cannot stand that word anymore, seriously, not anymore. It was bankers, car industry, real estate, airlines, then it will gradually filtered down to us, be ready.

1 comment:

Ling Ooi said...

Hey...hmm...well at least in europe recession only wound the surface! but in malaysia horrible...wound to the scar itself...even other asia countries like thailand and singapore already recovered, but only malaysia not yet...news said maybe getting worst!