Archive for the ‘downturn’ Category

UPS may be paying people off in Spain and Portugal!

Sunday, November 16th, 2008

Translated roughly:

 

UPS Spain plan an Employee Regulation Action to lay off 216 employees. The regulation presented by UPS will affect 216 of the 1100 employees of their Spanish workforce. The company claims that these layoffs are due to organizational reasons and deny any relation with the economic crisis. The trade unions have already rejected the cuts.

Cuts like these have an impact on the global economy, with jobs gone, services also go, then more jobs, retail gets hit further and so on… it is like a spiral of negative economies that scares people and puts even more of us into unemployment.