At least 85,000 people lost their jobs in a single day Monday as the bad financial crisis hit more workers around the world. Companies suddenly cut a large amount of jobs because of the sign of the deepening social impact of the crisis. This also gives pressure on US President Barack Obama as he pushes a stimulus plan for US economy.
These job cuts came from some of the biggest US corporate names including Pfizer, GM, Caterpiller and Sprint Nextel, and Panasonic. Obama said, “These are not just numbers on a page. As with the millions of jobs lost in 2008, these are working men and women whose families have been disrupted and whose dreams have been put on hold. We owe it to each of them and to every single American to act with a sense of urgency and common purpose. We can't afford distractions and we cannot afford delays”.
Panasonic Corp., the electronics giant known for flat-screen TVs as well as digital cameras, announced today that it would cut15000 jobs and close 27 plants worldwide.
US financial crisis has spread across the world and the company’s outlook of the business environment has been extremely uncertain.
References:
http://news.yahoo.com/s/afp/20090126/ts_afp/financeeconomyworld_20090126203308
http://www.nytimes.com/2008/10/26/business/26layoffs.html
http://www.abcnews.go.com/Business/CEOProfiles/story?id=6804783&page=1
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