My company, Dow Chemical, will lay off 5,000 employees globally. Totally, we have over 40,000 employees, so the rate is about 11%. It is a ok rate, comparing with our "partner" BASF's 20,000 lay off anouced a little earlier. Heard that the final decision will come out before this X-mas, so it will be quick. Now we are dreaming to hear the "free" order when one morning working day.
After acquiring R&H, we believe there will be another time layoff. So even we survived to have a job, who knows what will happen two month later.....
Life is good, but will not easy when we are totally free. Even with the company, the situation waiting ahead of us is still hard next year.
I went to Dongguan several times this year, a place which is famous for its out-port goods. Now many plants have closed down or half-open. The worst time has not come yet. We have to prepare for that.
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