Sumitomo Chemical will lay off 2,500 people all over the world
News on February 3, Sumitomo Chemical Industry Co., Ltd. (Sumitomo Chemical Co.) plans to cut down 2500 positions in Japan and overseas. According to Kyodo News, this layoff includes temporary workers and permanent employees.
The headquarters of the chemical company in Tokyo said in nine months until December, the company net profit reduced from 40480 million yen to 758 million yen, the sales volume reduced 4.4% to 1.391 trillion yen.
Rumor says that Morgan Stanley plans to lay off 1880 employees
According to the rumor, Morgan Stanley plans to lay off at most 1880 employees in order to reduce the cost and impact of economic slowdown, which accounts for 3-4% of the total amount. It is learned that the retrenched employees are mainly logistic personnel, financial advisor will be unaffected.
The economic crisis spread to the U.S. shrimp imports
From the U.S. subprime mortgage turmoil in the financial crisis has resulted in a comprehensive global economic recession and the global shrimp production and trade impact. The world’s largest shrimp consuming country—the United States, influenced by the economic recession. From September 2008, the import or export of shrimp all begins to show the slowdown trend.
U.S. shrimp imports in 2006 reached 590,000 tons. As the impact of anti-dumping issues, imports dropped to 557,000 tons. In 2008, the economic downturn caused the U.S. shrimp imports, which directly affect the category changes of imported products.
The weak Indonesian textile industry lost about 300 million U.S. dollars of orders
Global Textile Network News on January 19: with the Indonesian domestic market and weak exports, the textile industry or loses about 300 million U.S. dollars of orders. Indonesia polypropylene fiber (fiber) and man-made fibers Providers Association (Apsyfi) said that as a result of reduced demand for clothing, the relative demand for industrial raw materials had declined, while the textile processing industry fell off.
In 2008, Indonesia man-made fiber production was 800,000 tons, it was expected in 2009, the production would reach only 680,000 tons. The decline in production means hundreds of employees in 13 man-made fiber factories will face unemployed crisis.
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