MORE COST CUTTING - THINGS ARE GETTING WORSE

The following makes reference to just 2 conversations which reinforce my view
that this GFC has many years to run.
Both conversations were from the 'horses mouth'. Not rumour.

1) feamle employee. Loyal for 16 years to same shop. I have been served by her for 10 years.
Her hours have now been cut to just 5 per week. She has a home Loan and obviously cannot
keep up repayments:
STATISTCALLY: - Employed

2) International Company with Offices all over the Globe. Has Billions of dollars worth of contracts
in just QLD alone. (Infrastructure - Roads -Bridges ).
Based on their own projections they have just sacked a number of architects from their
Architectural Division.

According to my Grandfather, architects were the 1st to be hit in a downturn.
These architects were retrenched on a "projection".