Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Acer to Lay off 10 Percent staff out of 1000 in China

Posted: March 28th, 2011 | Author: | Filed under: By Location | Tags: , , | No Comments »

Acer, one of the world’s biggest PC makers, will lay off 10 percent of staff in China as its workforce there overlaps with that of local partner Founder Technology, a company spokesman said on Friday.

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IBM offers to shift workers losing jobs to lower-wage countries

Posted: February 9th, 2009 | Author: | Filed under: Recession News | Tags: , , , | No Comments »

Some of the workers being let go by IBM have a chance to remain with the company — if they’re willing to move to Brazil, India, China or a dozen other low-wage countries. But the expatriate employees would likely be paid local wages as they begin their new lives overseas.

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