Tuesday, 3 February 2009

Another Round of Painful Job Cuts ...

Another round of job reductions took place on Monday:

MACY'S -- Cut 7,000 jobs, or 4 percent of its workforce as retails sales fell for a six straight month in December.
MORGAN STANLEY -- The New York-based bank may cut up to 1,900 jobs as business slows in the financial industry.
CHINA -- Reuters reported that more than 20 million jobs have been lost in the third largest economy in the past months.
COLOMBIA -- Unemployment rates for the youth, at about 20 percent, are twice as much the national rate.

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