An astounding 80,000 jobs were axed in Britain, Europe and the US in just one day on Monday.
The harsh reality of the chaos of the market is now hitting workers across all sectors and industries.
The list of Monday’s job losses makes stark reading.
Caterpillar, the world’s largest maker of construction equipment, said it would cut 20,000 jobs. Sprint Nextel, the US mobile-phone operator, announced 8,000 jobs are to go.
DIY retailer Home Depot is cutting 7,000 jobs and freezing salaries.
The harsh reality of the chaos of the market is now hitting workers across all sectors and industries.
The list of Monday’s job losses makes stark reading.
Caterpillar, the world’s largest maker of construction equipment, said it would cut 20,000 jobs. Sprint Nextel, the US mobile-phone operator, announced 8,000 jobs are to go.
DIY retailer Home Depot is cutting 7,000 jobs and freezing salaries.
