21,000 Jobs Worldwide Erased in Day as Recession Chokes Demand
The latest bad employment news...
By Oshrat Carmiel
Jan. 17 (Bloomberg) -- At least 21,000 jobs were targeted for elimination yesterday as employers from Hertz Global Holdings Inc
. to Advanced Micro Devices Inc. grappled with recession-choked demand.
More than 20 companies said they were cutting jobs, ranging from Amonil SA, Romania’s second-biggest fertilizer maker, to Fiat SpA’s Magneti Marelli auto-parts division. Hertz, the second-largest U.S. rental-car company, said it will cut more than 4,000 jobs, as businesses and consumers slow travel because of the global recession.