over 70000 job cuts announced in a single day.
in the US, it is reported that number of unemployed has grown by 3.6 million people from dec 07 to dec 08.
export oriented indian cities like surat (diamonds), tirupur (textiles), bhadohi (carpets) are getting hammered.
same same in china, singapore and taiwan.
how will these guys cope through these tough times?
am afraid that many will collapse...
Wednesday, January 28, 2009
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