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Bernard Simon Guest
Bernard Simon

Correspondent, Financial Times

Correspondent for the Financial Times, covering the auto industry in North America

FROM Bernard Simon

Mounting Layoffs a Sign of a Deepening Economic Downturn
To the Point

Mounting Layoffs a Sign of a Deepening Economic Downturn The US is expected to lose 200,000 jobs this month and unemployment, now 6.1 percent, could rise to 7 or 8 percent. Xerox, Coca-Cola, Whirlpool, Merck and Yahoo are laying off workers, as are most of the airlines. But cuts are expected to hit the auto industry hardest of all.

36 min, 24 sec Oct 28, 2008

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