List of Recession proof Countries: Surveyed by Servcorp

So you were wondering when will this factor called Global Recession end and whether your country has been affected by the recession
Servcorp has recently published results of the survey in which they have disclosed about the countries which are least hit by recession. Here, we provide the list (Courtesy of ServCorp) as below:

Rank Country

1st Australia

2nd China

3rd equal India, Singapore

5th Hong Kong

6th Canada

7th equal Japan, Qatar

9th New Zealand

10th equal Malaysia, Sweden, Vietnam

13th equal Netherlands, United States of America

15th Indonesia

16th South America

17th France

18th equal Belgium, England, Korea, South Africa

22nd equal Austria, Taiwan

24th equal Czech Republic, Germany, Ireland, Lebanon, Russia, United Arab Emirates

30th equal Brazil, Morocco, Philippines, Scotland, Sri Lanka, Syria, Thailand

What I am particulary surprised about is the inclusion of USA at the 13th spot. It has been the front runner for the recession due to its global influence, yet it managed to end up at the 13th position in the recession proof countries. That's interestng!
Anyways, these are survey results

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Stanley Works Layoffs Job Cut: fires 2000 employees, closes 3 plants

The economic crisis is hitting all sectors. Stanley Works, a tool maker company has decided to go for layoffs - around 2000 employees will be fired by the company. Not only that, 3 plants will also be closed down by the company.

How many employees will be fired by Stanley Works layoffs?
Around 2000 employees will be asked to leave their jobs - this makes 10% of its total employee strength.

How many manufacturing plants will be closed by Stanley Works ?
Three manufacturing plants will be closed by the company.

What are the reasons for the Stanley Works layoffs?
The company is quoting the reasons of weakness in its construction and industrial segments and the effect of a stronger dollar.

Any specific class of segment of employees affected in Stanley Works layoffs?
Majority of them will be production jobs as the company is closing on some plants. Also, it will involve job cuts in the management.

Which plants will be closed by Stanley Works?
No information is given by the company about the plants which will be closed down.

Stanley is the latest tool and industrial products maker and obviously, being the biggest it will be the first to feel the heat of the economic downturn.
Let's hope that alternative jobs are available to the affected employees of Stanley Works Layoffs Job Cut.

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Fiat Layoffs Job Cut: fires 50000 employees temporarily

The economic crisis is hitting all sectors. Fiat, the famous car manufacturing company, has decided to go for period based layoffs - around 50,000 employees will be asked by the company to sit at home for an extended period during christmas and New Year.

It i for the the first time that the fiat group has decided to shut down majority of its Plants in italy for almost a month and force the employees for an extended period of leaves.
How many employeed will be affected by the Fiat temporary closure or Layoffs Job Cut

Around 50,000 employees are expected to be affected by the closure and leaves.

How many plants will be shut down by Fiat ?
Around 14 plants of Fiat's 20 Italian plants will be shut down


Which class or segment of employees will be affected in Fiat Layoffs Job Cut
Majority of the employees will be blue collar employees or prodution workers

What is the total strength of Fiat ?
Around 80,000 is the total employee headcount in Italy.

What will happen to pay and salaries of the employees in the Fiat Layoffs Job Cut
Under the temporary layoff scheme, a part of the workers' salaries is paid by a government-administered fund that includes industry contributions

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Annual Layoffs Forecast: 2008 Executive Survey Finds Severe Job Cuts to be Made This Year.

Career Protection's[R] Annual Layoffs Forecast predicts a 37% increase in companies planning layoffs and reductions in workforce this year

Career Protection's Annual 2008 Layoffs Forecast paints an ugly picture of cuts in jobs for this upcoming year. Over 1,375 corporate executives nationwide completed the confidential annual survey regarding workforce reduction plans conducted by the employment law and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. experts of CareerProtection.com this month (Survey conducted January 2-25, 2008).

"This is our worst layoff forecast in the past five years for employees, as corporations appear ready to slash staff and layoff workers," says Kirk Nemer, J.D., SPHRSPHR Senior Professional in Human Resources
SPHR Solidarity for Palestinian Human Rights
SPHR Sphere


"The only good news provided by Executives and Senior Vice Presidents in our survey was that companies were planning to provide severance paySeverance Pay

Compensation that an employer gives to someone who is about to lose their job.

Notes:
Severance pay is not always paid to employees. It depends on the situation in which the employee is losing their job and whether legislation requires severance to be paid.

during these difficult and stressful times," Nemer stated. "However, it appears the severance packages will not be as generous in their severance pay as they have been in the recent past." Nemer added that, "Employees should negotiate their severance package offers as they're not a 'take-it-or-leave-it' situation. Companies will still require employees to execute a General Release of Legal Claims in exchange for receiving a severance package, so companies will negotiate its terms to obtain one from employees."

Career Protection has been inundated in·un·date
tr.v. in·un·dat·ed, in·un·dat·ing, in·un·dates
1. To cover with water, especially floodwaters.

2. this month with telephone calls from employees at Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. , Chrysler, Citigroup, Covidien Healthcare, Ford, GM, Indy Mac and Sprint Nextel, who have announced plans for reductions-in-force in January.

About Career Protection[R]

The leading national provider of employment negotiations advice, the human resource and legal experts at Career Protection[R] have previously served as Vice Presidents of Human Resources, or Corporate Counsel/Attorneys for many Fortune 500 and Global Corporations. For information on how executives and professionals can receive a severance pay negotiations strategy and free consultation to protect their career and financial future, visit http://www.CareerProtection.com.

Kirk D. Nemer, CEO of HR on your side, Inc./CareerProtection.com, and employment attorney with over 20 years of legal and human resources experience is available for interviews on many workplace issues and law.

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