What companies/industries are hit by global economic crisis and are laying off?

[uls]

kahit chapter 11 lang...

i would lose confidence in a company that files chapter 11

chapter 7? liquidation na yan

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as long as local banks still offer car loans, our local car industry will be ok

[Altis6453]

So far, its banking and financial intermediary companies, insurance, shipping and cargo forwarding. manufacturing (auto, electronics), real estate (high end).

The trickle-down effect will be to the services sector, i.e. BPOs who provide customer support and outsourcing services for these industries.

[CVT]

kahit chapter 11 lang...

i would lose confidence in a company that files chapter 11

chapter 7? liquidation na yan

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as long as local banks still offer car loans, our local car industry will be ok

A company that files for chapter 11 will definitely compromise its situation in the market, even if it is a pre-packaged chapter 11 (like a debt for equity swap)...

7000:diver:

[nicolodeon]

I think the only "industry" not affected is government service. Even non-profit organizations are affected. I work for a non-profit organization and our organization is currently letting go of people left and right the world over.

[Gen. Miting]

GM & Ford can merge and do a Hyundai + Kia. siguro the future is like this, one major car manufacturer per country.

in the news, Germany is also experiencing the same crisis and bailouts. maybe benz + volks or bmw + audi


in the banking system, how do you slay a giant? you merge. BDO merges with equitable-pci, allied and all other medium banks. hindi pa lang siguro na-declare, but I'm sure BDO is now the #1 bank here in the Philippines, and they did this in less than 3 years which Ayala's BPI did in more than a decade and metrobank in less than a decade.

Chrysler however, mukang mag-fold or parang specialty car na lang like Porsche siguro.

kaya hindi nakakatakot yun problema ng big 2 ng US.

timing nga, and America has voted a very nationalistic non-traditional president. all he has to do is launch buy American slogan and make Americans believe that buying toyota, honda will not be helping the Americans.

kung tuusin, only Americans buy the largest share of Ford and GM cars in the world. so nothing new. they'll just ditch the gas guzzlers and the inefficient models. Ford I think has the most models with hybrid capability. GM has the first fully-functioning commercial-produced electric car.

[redorange]

maybe benz + volks or bmw + audi

VW already owns Audi.

The problem with GM is it has too many car makes under it's name, Chevy, Pontiac, Buick, GMC, Oldsmobile, Cadillac, Opel, Vauxhall, Holden, Saturn, Saab, Hummer, etc. All these different names almost always sell the same product based on the same platform with different names. They need to slim down their operations by not having products that compete with each other. Example Chevy pick up trucks compete with GMC pick up trucks in addition to Ford and Dodge. Chevy has the Malibu and it competes with the Saturn Aura and Pontiac G6 along with the Camry, Accord, Altima. Why have make a product that will compete with another product that you also make in addition to other products from other companies? Sell the foreign makes, stick to your basic line up, and focus on improving the end product for the consumer. Quality not quantity, having all these cars sitting on the lot not being sold is money going down the drain.

Ford isn't as bad it has less brand names and could actually improve in the US if they would just bring in some of their Euro models to the US. Perfect example is the Focus, we are still using the first gen while the Philippines is already on the second gen. All Ford has done for the Focus here is make cosmetic changes and it has actually managed to make a first gen worst with every version that came out. We don't expect to see an all new Focus until the third gen comes out, how many thousands of car sales did they lose to the Corolla, Civic and Sentra by not releasing the second gen in the US?

Chrysler has already been saved by the tax payers once and the K car managed to get them up above water again. The LH models again kept them there but they lost their focus and started making stupid cars again. Just look at what they did to Jeep with the Patriot, Compass, and Commander. The target demographics of those models is not the market that Jeep should be going after. They have loyal customers that buy their products but those are not people who would buy a crossover vehicle from Jeep.

But the main problem is their production line workers that make these vehicles. Even Toyota, Nissan, Honda, Hyundai, MB, and BMW can't fix the problem with US auto workers and their bad work ethics. If you buy a car made in the US even from these other brands you need to make sure it wasn't made on a Friday, Monday, a day before or after a holiday. Why? The workers start thinking of the weekend and don't pay attention to detail on Friday, Monday some still have hang overs from the weekend, and the same applies to holidays. I bought a Nissan made in Tennessee and it had some quality control problems, same with a friends who bought a Toyota and Honda.

The US car companies didn't fall from grace over night, they fell because of they thought that they were invincible. The auto workers didn't care about the quality of their work and management thought the quantity was better than quality. They made vehicles that the customer didn't need or want and ignored the competition from foreign makers. Some of their car models have improved in quality but is it too little too late?

[gearhead]

Will this mean less cars will be shipped into the Philippines to anticipate a slow down in demand? Would it affect Korean makes? Also if less shipments would logistic/cargo companies and its peripheral industries suffer? Has anyone noticed if dealerships in the Philippines are affected? Aside from the usual volume generating promos?

Will Filipinos buy less new cars in 2009?

[tidus1203]

^^Toyota already said they see ZERO GROWTH next year. So yeah less car buying for next year. Even people with money would rather stay in cash just to be safe.

[uls]

Baltic Dry Index

what is it?

wiki:

The index is made up of an average of the Baltic Supramax, Panamax, and Capesize indices. These indices are based on professional assessments made by a panel of international shipbroking companies.

how does it work? what does it say?

Every working day, the Baltic canvasses brokers around the world and asks how much it would cost to book various cargoes of raw materials on various routes (e.g. 100,000 tons of iron ore from San Francisco to Hong Kong, or 1,000,000 metric tons of rice from Bangkok to Tokyo)

a ok... it's cost of shipping

rising cost of shipping = strong demand = world economy healthy

falling cost of shipping = weak demand = world economy sick

BEHOLD!!




call 911

[gearhead]

^^Toyota already said they see ZERO GROWTH next year. So yeah less car buying for next year. Even people with money would rather stay in cash just to be safe.

Okay. Can you cite the industries that will also be affected by this and what jobs will disappear? Peripheral ones as well so we are made aware.