Recession worries

I was outside admiring the beauty of our neighbor's Christmas Display when my phone rang. I know it was one of my boss thanks to the personalized ring tone that I assigned to his name. I thought he would just tell me that he was caught on traffic and he ran out of things to do inside the car or probably he would just let me hear his favorite song playing so I would tease him regarding his complicated love life.

But when I answered the phone his voice was different, it sounded worried and serious. I asked why, he said to me that he just came from a visit to one of our client. It was a European owned company that produces automated parts of cars etc. He told me that the company has cut-off its working days into four days because of the global recession.

As we all know the recession already affected the European and Asian Market. And with all honestly the companies like the one where I work for are severely affected. One of our top Japanese owned customer who manufactures information equipments (probably one of you owns some gadgets that they manufacture) has cut their production by 50 percent so that's probably more or less 20 percent less of our monthly sales. And our number one customer was reportedly retrenching its workforce. And as for us, it was proposed to cut the working hours and to be strict in overtime to cut the electric bill. And sad to say they are planning to lay-off the operators under agency because of lessen volume production.

Too bad this had to happen at this time. Its Christmas yet people are losing their jobs, companies are closing. This is supposed to be a happy and festive season. I'm praying that this would end soon not just for us working in export industry but for everyone.