Wednesday, November 19, 2008

Economy

It's actually getting kind of scary thinking about all the lay offs that are happening. It seems like everyday I have the radio on there are more people being affected. Today GM announced plans to halt production at five of its plants for a two week period in December due to a decrease in sales and overproduction. This is on top of announcing last weekend layoffs of 900-1000 workers at the Oshawa plnt starting in January.
Yesterday Forbes magazine announced a company "restructuring" with layoffs to make it through these rough economic times. These are just a couple examples and it just makes you wonder what future news items will hear about in this regard.

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