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

USVI governor warns of 500 layoffs amid crisis

Posted: May 23rd, 2011 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

The governor of the U.S. Virgin Islands is warning legislators that he will have to lay off hundreds of employees if they do not approve measures to alleviate a fiscal crisis.

Gov. John DeJongh says that at least 500 employees will be dismissed by the end of June if budget cuts are not approved.

From: Forbes

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