The effects of recession are now being felt in this part of the world too. Of course, things are not as bad as in some other countries. It is not that folks do not have money to spend – just that everyone seems to be adopting a ‘wait and watch’ stance. As far as the automobile sector is concerned, people are waiting for prices to fall, which is a remote possibility. This posture was fuelled by American carmakers slashing their prices in the face of possible financial ruin. Japanese and Korean car manufacturers seemingly have no such ideas. The price of crude, which is now witnessing an upswing, is also an important factor in this game. As per the market buzz if the price stabilizes at around $ 60/- per barrel it will auger well for the economy here.
In order to ensure that their bottomlines are not dented too much private companies have started adopting the following measures :
1. Putting fresh recruitments on hold.
2. Downsizing the workforce -shedding excess baggage and non-performing assets.
3. Adopting cost cutting measures.
4. Encouraging overtime and multi-tasking rather than adding manpower.
It remains to be seen as to how long this state will last !!
In order to ensure that their bottomlines are not dented too much private companies have started adopting the following measures :
1. Putting fresh recruitments on hold.
2. Downsizing the workforce -shedding excess baggage and non-performing assets.
3. Adopting cost cutting measures.
4. Encouraging overtime and multi-tasking rather than adding manpower.
It remains to be seen as to how long this state will last !!
4 comments:
Would like to share the UK experience with you. On the onset may be I agree with u on David being your guru in security management, it was 10 days of learning both of the subject and UK, the icing on the cake was the visit to Bank of England, I and Capt sudershan were fortunate to be at the hollowed Bank which rightly can be called the Mother of all banks, the Security Managers were a wonderfull set of officers and we did strike a cord with them, they made the visit so very memorable. will be posting some photographs later.
Khan
DEAR SIR, WISHING YOU A 'HAPPY BIRTHDAY'. MAY THE ALMIGHTY CONTINUE TO BLESS YOU IN ALL THAT YOU DO.
Thanks for the update Khan. Nice to know that you and Sudershan had agood time in the UK. And thank you Aimol for your good wishes. We had a bash here about whcih I will post later.
Thank you for your nice posting.
it is really helpful to us.
such a nice topics.
Bathmate
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