And Now its UK’s Aerospace turn of job cuts. Its pretty disappointment what recession has led to the world. To start with, recession occurred as many bank’s in USA failed leading to many global job cuts, low sales, low turn overs all across the world. Many suffered this so called Apocalypse of job cuts. Millions of people future is at stake now.
To add to this, Uk’s Aerospace has finally decided to cut about 10% of its post. It has around 100,ooo employee working. So it is estimated that around 10,000 people will lose their job.
The Aerospace says that the job cuts is due to fall of passenger levels. As no people come forward to do air journey as they did a year ago and so the demand of aircraft orders is getting lower.”There are fewer orders for planes and so fewer people are required to make them,” said the society’s chief executive, Ian Godden.
The demand for military planes is at surprised 3% more thanks to the early orders of plane manufacturing which was done years ago. The BBA report which handles 7 UK airport earlier reported that the passengers level has fallen to about 7.3% percent low since last may 2008. This explains why the job cut is about to happen at Aerospace.
If the global leaders didnt stop this drastic situation, it will beat the worst recession of world war II and will become the top worst level of recession the world has ever faced.