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Monday, June 11, 2018

Taking stock of the world economic health.

Let's take a pulse on the world economic health.

https://www.businesstimes.com.sg/banking-finance/deutsche-bank-board-said-to-seek-6000-job-cuts-at-retail-unit

Deutsche bank will be retrenching 6000 employees.

https://sg.finance.yahoo.com/news/hp-plans-more-job-cuts-135301456.html

HP will be retrenching 5000 employees.

https://sg.finance.yahoo.com/news/rolls-royce-expected-slash-thousands-115200793.html

Rolls Royce will be retrenching 4000 employees.

Bank, IT and Aerospace are all not doing well and need to cut costs.  Is this a harbinger for a recession?

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