The crunch and the cuts

@biggerb (2024)
India
January 20, 2009 9:32pm CST
When the economy was on a roll employers showered their staff with lots of perks and incentives.It all looked very rosy.Now all of a sudden companies are laying off their staff.Is'nt it scary? Has anyone been affected? What do you think?
1 response
• United States
21 Jan 09
One of my sons has been hit by this hard. He works building luxury motor coaches. Over the past 6 months or so they experienced shortened work week, temporary lay offs of a week at a time until Christmas when they were to have a two week shut down. They returned in January only to be told they would be shut down for another month and to return at the end of the month to find out if they still have jobs. In the mean time he has a temporary part time job and is trying to get another but they are scarce and he and his wife have a brand new baby to support that has a serious medical issue.