Comments 
Print 
Mail 
Large Medium SmallA new report shows planned layoffs at US firms in January have reached their highest monthly level in seven years, as the US recession took an increasingly heavy toll on employment.
Outplacement company challenger Gray & Christmas released its monthly report on US job cuts on Wednesday.
The report says job cuts announced in January totaled more than 241,000, up 45 percent from December.
It says big job cuts were seen across a wide range of industries due to the economic slump.
The report says record downsizing in the retail sector is the biggest area for job cuts and contributed to the overall rise in January's total.
Copyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
