Comments on: 70,000 jobs lost today

By: Curtis

Curtis — Wed, 28 Jan 2009 04:30:49 +0000

ING: 1.3 billion saved / 7,000 layoffs = $185,714 per person. Can it really cost that much to employ someone at ING?!?

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By: elise

elise — Wed, 28 Jan 2009 00:27:15 +0000

Supraboy: Sidelines is a good place to be right now, rather than laying on the tracks with a freight train bearing down on you!

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By: Supraboy

Supraboy — Tue, 27 Jan 2009 20:09:02 +0000

You haven't heard much about the decoupling theory because you got decoupled and you're sitting on the sidelines.

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By: Anon

Anon — Tue, 27 Jan 2009 08:38:06 +0000

It's about time this topic gets discussed here! This is the single most important factor that will affect not only real estate but life in general. This is going to hit governments, businesses and individuals. And it is accelerating. Please post local employment news if you know of any. Is anybody hiring these days?

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By: Mold city

Mold city — Mon, 26 Jan 2009 22:31:23 +0000

I know of several local companies that are cutting back hours as well as cutting jobs. It's not uncommon to get offers of a few days off a month in exchange for taking a 10 percent pay cut. I suppose less income is better than no income these days.

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By: mk-kids

mk-kids — Mon, 26 Jan 2009 22:26:47 +0000

Anecdote: Hubby told me he was talking to his boss this morning and his boss was commenting on how many resumes he's receiving these days - warehouse work - and how many former employees are calling wondering if they might be hired back... The times they are a changin'...

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By: Stuckman

Stuckman — Mon, 26 Jan 2009 21:02:13 +0000

Report from The Pier Approximately 30 tradesmen on site, most working on the several million dollar concrete blob showing above grade. The rest of the site is basically devoid of humans. Sales center dead empty, except for the very bored looking receptionist. (First person I've seen in a De Cotiss sales center in months.) Not certain what to make of it. If there's a construction schedule it must be damn long. I believe they are attempting to complete the tower but are in no rush. Oldest construction crew I've ever seen. More greyhairs than the alternative.

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By: realestatesplatter

realestatesplatter — Mon, 26 Jan 2009 20:08:15 +0000

Caterpillar also announced 20,000 jobs cut. It would indicate that companies are planning for a long period where equipment will not be required.

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By: NO -LYMPICS

NO -LYMPICS — Mon, 26 Jan 2009 19:55:30 +0000

It's a no brainer,..WHEN , not "if"..it was all a matter of time. It was reported a while back Japan was flooded with Construction equipment from collapsed companies. In the mid 1990's the writing was on the wall re Pulp Mills. I had met an engineer who had told me his BC Company was designing mills in Asia, given the technology advancements allowed for a diverse source of raw material to create pulp. Unfortunately...it appears that too much of the modern world and its economy was tied to Mainand China. This was a ticking time- bomb waiting to go off. Unfortunately, this whole global economy tapestry is now unravelling and big time. Its getting to the point of out of control. No company, no matter how big , can weather the storm, it will either downsize, layoff or fold period. Gov'ts themselves had better get their shite together, assume the worst,and plan accordingly or the worst will happen and they won't have any control.

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By: recessionwatch

recessionwatch — Mon, 26 Jan 2009 19:30:52 +0000

The job gone numbers are actually much worse, the bad news is hitting the news wires by the minute. Global job gone numbers are in the millions. 400,000 redundencies of Indonesian foriegn workers. The airport authority in Dubai says that the parking lots are full of abandoned vehicles left behind by fleeing foriegn workers who obviously had to leave with just the shirt on thier backs.

http://economictimes.indiatime.....033284.cms

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By: obamaton

obamaton — Mon, 26 Jan 2009 19:21:27 +0000

Vancouver decoupled thanks to Gordon Campbell leadership and Vision hope and change campaign. Condo buying still good for Vancouver because rich asian need place to keep money safe from doom. Good time for everyone here in most beautiful land on planet place. Good times ahead. First post.

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