Recession - Is it really there or are Companies taking opportunity!!!
On the Jobs front, its an Employers market. Staff are now quite & are suffering silently. They know that the situation outside is not good enough hence do not object or express dissatisfaction at being harassed, loaded with extra work etc..
Yes, there is Recession to a certain extent but most Companies have started to spread the fear of the Job amongst their Staff. Many have either cut salaries or expressed desire to do so in the next cycle. Worst hit are those who have taken loans or who stay in rented accommodation or those whose families depend on the monthly income.
This type of situation is not found in Government Organisations because there are Unions. What about Private Companies who can pay normal salaries but under the excuse of Recession, they are reducing salaries & cutting down staff numbers?
The Government will have to step in to monitor the situation else it would lead to long term health problems for all.
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