GLOBAL FINANCIAL CRISIS!!!!Opinion

[ceden_yu143]

---

The news these days is bad and getting worse.

Since the Global Financial Meltdown that started in late 2008 in the United State s , the reports in the newspapers have just been
about company shutdowns, bankruptcy filings, manpower lay-offs, reduced work days, salary freeze or decrement, for sheer survival to stay afloat.

It was previously thought that the Philippines would be spared because of its poorer economic state, but it is not so.

The country’s semiconductor and electronics sectors are seriously battered, as with other parts of the world.

Just read below the adverse developments of the following firms, among others:

1. Andes - 8 days a month work or 2 days a week
2. Temic, closed its plants in Germany and Poland and retrenched people in the Philippines . Now on a 4 days, 2 shifts
3. NEC Tokin – from thousands of employees to just 700 today, 1 week per month plant shut down
4. Yazaki Torres – 2 days a week
5. Fujitsu – zero OT, 4 days a week
6. Amkor anam – separated 700 people including indirects, applied for another 2000 reduction with DOLE
7. IBIDEN in FPIP – closing down
8. TDK – 2 days a week
9. Wistron – laid off 1000 workers
10. Toshiba – closed down 3 out of 6 assembly lines
11. IMI retrenched 20% of its work force, this is believed to be in thousands.
12. PSI – 4 days work week
13. Miyoshi – 5 days, 2 shifts
14. Maxim – 5 days, 2 shifts
15. Accenture – laid off 500 people
16. Advantec – laid off 100 people and will close in June to transfer to China
17. Google Philippines laid off people too
18. Per Inquirer dated 21 Jan 2009, 35,000 workers had already been displaced in the PEZA zones
19. Globally, Microsoft is laying off 15,000 worldwide.
20. Citigroup, British Telecom, Volvo, DHL, Ford, DBS, AT&T, others had laid off tens of thousands of workers
21. Intel closed its plant in the Philippines after 35 years. 1800 people laid off.

http://4.jfserver.info/community/retrenchment/retrenchment_full.php



any ideas on these guyzzz??......mao raba ni or mas mo grabeh pajud ni ug maau ang pag retrench ug mga employees...

[neoraising]

mas grabeh pa gyud na bro because a lot of companies around the world directly or indirectly invested or in any way got involved with the US housing boom that collapsed in 2008..mao na the dominoes are still falling..its not over,we haven't seen the worst of it yet..

[lemzuico]

ang sony sad nagclose ubang nilang site...

[ceden_yu143]

mao bah lemzzz...ka grabeh najud diay ani sah....dn di pajud ni mao..


ka kuyaw najud ani....looy jud ang tanan aning kalakiha...tsktsk..

[iceweb]

bitaw ive heard a lot of news about this, mas mo grabe pa dw ang financial meltdown...hope dli affected amo company....huhuhu

[miyay]

the best thing we can do as consumers is spend, spend, spend but always wisely

[vienzel]

brace urself, it gonna be a rough ride for years pa guro....on this global recession! so far, US has 3.6M unemployed nationals na! the most huge, stable corporations in decades did close for bankruptcy here unexpectedly gani...n u can expect more soon!

as they say...when US is having colds, almost around the world are having pneumonia DAW! but wat is happening now is US not only having colds but much severe than that, they even deny that we are having a DEPRESSION in the economy these days!

so wat do u think, the world is having now? ang US gi CANCER? huhuhu

[ceden_yu143]

mao jud..di pajud ni mao ha...some say nga di will take 3 years pa daw...3 years nga pag antos...



among jud ta ani tanan...so spend wisely ud by buying local products...hnoon daghang kurakot pro konsensya lang ato ani..

[r0mm3L]

verizon in PH is still hiring

[ceden_yu143]

mao bah master mel...pro mao lage verizon cantoccupy tanan nga nataktak..