Government of New York City plans to lay off 23,000 people
Because of the financial tsunami and decline of income, Mayor Michael Bloomberg implement the plan to make both ends meet, so on Friday, Government of New York City announced to cut down one billion U.S. dollars (7800 million yuan) spending and lay off 23,000 people.
New York City depends on the profitability of Wall Street at a large extent, whereas the financial tsunami on Wall Street last year lost about 47.2 billion U.S. dollars (368.1 billion yuan). It is expected that the Wall Street will suffer heavy losses.
EU take final anti-dumping measures on China fasteners exports
The European Union on January 31 announces to impose definitive anti-dumping duty on China fastener products, sampling rate for several enterprises are as follows: Shanghai Jiyou Company 69.9 percent; Suzhou CELO rate 0, Changshu City Standard Parts Factory 63.1%, Dongguan Jinma company 26.5%, Kunshan Chenghe Company 79.5%, Ningbo Jinding Company 64.4%, Ningbo Yonghong Company 78.3%, Yantai Anguote 0, other responded company rate is 77.5%, etc. The companies which did not respond or had no cooperation would encounter 85% rate.
British Pharmaceutical giant GlaxoSmithKline plans to lay off 6 thousand of people to deal with recession
News on February 1: British manufacturing giant GlaxoSmithKline will announce its layoff plan on next Thursday with 6000 being involved; at that time, the company will announce the latest results of Quarterly Bulletin.
It is learned that the global economic crisis gave a tremendous impact on pharmaceutical industry, so GlaxoSmithKline has to lay off 6000 employees worldwide.
10% of the British staff in Arup Company would be laid off
As a result of turbulence of the world economy, the number of layoffs for Arup UK staff reached 400, which includes the Arup Associates employees in the construction division.
Company spokesman said in a statement that this layoff reached nearly 10% of the staff among 4200 British staff for this global design and engineering company. Its aim is to ensure “long-term health business.”
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