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U.S. recession could end Asian jobs boom

March 20th, 2008 by admin

If the U.S slips into a full-blown recession - as seems increasingly likely - the impact is going to be be felt in India as much as it is in Indiana.
American workers are not alone in fearing for their jobs as the credit-led downturn deepens. Despite its apparently booming economy, workers in India are becoming increasingly worried too.

According to the Times of India newspaper, employers, recruiters and workers are becoming concerned about their job security as the U.S credit-led downturn worsens.

IT companies, engineering firms and export-oriented industries such as textiles, pharmaceuticals and automotive components are all likely to feel the squeeze, predict observers. Read more
Courtesy:www.management-issues.com

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