Friends, hope everyone is doing fine. It has been a long time I had posted but now since i got a new internet connection for my laptop..i think from now i can publish more posts.
Many things are happening, lay offs across industries employees at all level, corporates looking the govt for bail out, FM requesting the corporates to cut costs, product costs, banks looking for favourable cut in repo rate, reverse repo rate, IT companies looking for new business, billing pressure, parents rejecting IT and banking brides and bridegrooms,auto majors cutting the number of production days for a week, energy scarcity etc etc etc...
Human resources once considered assets are now considered as liabilities. Corporates are reducing man power and saving costs to improve their profit margins instead thinking of alternate strategic new oppurtunities.
A news site states, after financial and real estate, Auto industry is also looking out for bail out from the government in the US. General Motors, Chrysler and Ford are on the blink of bankruptcy. Let watch the G20 summit's 6 week strategy to curb this global crisis...Hope, it wouldnt aggrevate the crisis...
Thursday, November 20, 2008
Back again....
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