Friday, 20 February 2009
Recession
The gloomy economy... Every inches of soil around the globe at hardest hit, but, most analyst says, the worst not at bottom yet. Manufacturing industry, where I have been in for a decade was and will always at lowest end along this recession. How it affect us..? Easy.. Recession will weakened consumer spending, triggered retailer and distribution channel to slashed orders from manufacturer. No orders means no sales and no revenue. How to operate? How to pay workers..? Cut cost is the easiest way. Which cost? Obviously labour.. Long shut down, pay cut, voluntary separation scheme (VSS), retrenchment or worst scenario, closing plant operation. Closing plant operation will have a big big impact to the whole. Supply chain will be affected and thousands of job dissapeared.. What a cruel reality of recession......
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