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Wednesday, January 28, 2009

80,000 jobs terminated in Single day Globally

Atleast 80,000 jobs lost in single day through out the world on Monday, that is on January 26th. From 80,000 jobs most of them are from construction machinery manufacturer Caterpillar, pharma major Pfizer, telecom firm Sprint Nextel and home improvement retailer Home Depot. This indicates that the recession attacked all Industries mainly machinery equipments.

Banking Sectors also announced the job cuts, from ING axed at about 7,000, Philips Company announced 6,000 job cuts and also the largest steel maker of British Corus also axed about 3,500 from its global workforce.

For Info Check out Silicon India

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