Industry
Blackburn Microtech Solutions goes into administration.
A company that once employed over 7500 people has closed down after it went into administration. 115 workers will lose their jobs after Blackburn Microtech Solutions, formerly part of the LG Philips group, shutdown.
Blackburn Microtech Solutions manufacture television components, audio amplification valves, 3D X-ray scanning technology for airport scanners and energy efficient light bulbs.
Total job loss = 115
Brazil loses 654000 jobs in December amid crisis.
As quoted from Chris Martenson.com
SAO PAULO, Brazil (AP) – Brazil’s Labor Ministry says the country lost 654000 jobs in December as the international financial crisis slammed Latin America’s largest economy. The loss for the month was the worst on record since May 1999. The hardest hit sectors were industry, agribusiness and construction.
Labor Minister Carlos Lupi said Monday that the job losses were a direct impact of the global crisis.
Total losses = 654000
