Business closures, job cuts, market crashes

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Business closures, job cuts, market crashes

Post by Admin » Sat Mar 21, 2020 7:17 am

This thread is for posts related to business collapse, including job cuts, company and store closures, market crashes, stimulus measures, civil unrest and the like.

To start, some coronavirus-related closures ...

Australia's Qantas airline has stood down without pay 20,000 of its 30,000 workers ... https://www.theguardian.com/business/20 ... 00-workers

Australia's Virgin airline has made staff take leave without pay ... https://www.theguardian.com/world/live/ ... pdate-news

Australia's Flight Centre booking agent closes 100 stores ... https://www.sbs.com.au/news/coronavirus ... -australia

How small businesses are hit ... https://quincy.wickedlocal.com/news/202 ... s-continue

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Business closures, job cuts, market crashes

Post by Admin » Sat Mar 21, 2020 7:22 am

A business-closure story about Wuhan early in the COVID pandemic (Jan 27), it may be predictive of closures about to happen elsewhere ... https://edition.cnn.com/2020/01/27/busi ... index.html

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Business closures, job cuts, market crashes

Post by Admin » Sat Mar 21, 2020 7:25 am

A list of closures in Memphis, this page gives an example of how small businesses are affected ... https://www.commercialappeal.com/story/ ... 055493002/

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Business closures, job cuts, market crashes

Post by Admin » Sat Mar 21, 2020 7:27 am

One trillion dollar USA stimulus package ... https://edition.cnn.com/2020/03/19/poli ... index.html

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Business closures, job cuts, market crashes

Post by Admin » Sat Mar 21, 2020 7:37 am

Largest stock market drop in history ... "The largest point drop in history occurred on March 16, 2020, when concerns over the ongoing 2019–20 coronavirus pandemic and the U.S. travel ban against the Schengen Area engulfed the market, dropping the Dow Jones Industrial Average 2,997 points. The largest point gain (+1,985) occurred on March 13, 2020. As of March 16, 2020, all of the top-5 and eight of the top-10 largest point drops have been amid the coronavirus pandemic."

For more information, Wikipedia ... https://en.wikipedia.org/wiki/List_of_l ... al_Average

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Business closures, job cuts, market crashes

Post by Admin » Sat Mar 21, 2020 11:09 am

The expected unemployment graph is vertical and not even vaguely similar to the previous GFC ... https://markets.businessinsider.com/new ... 16767?op=1

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Business closures, job cuts, market crashes

Post by Admin » Thu Apr 02, 2020 9:18 pm

British Airways to suspend 36,000 staff ... https://www.bbc.com/news/business-52130021

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Business closures, job cuts, market crashes

Post by Admin » Mon Apr 06, 2020 4:58 pm

Australia's Flight Centre now closing 428 of its 944 Australian stores ... https://www.news.com.au/finance/busines ... 84981aec9b

Around 6000 support and sales staff have been stood down out of the 20,000 workers.

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Business closures, job cuts, market crashes

Post by Admin » Mon Apr 06, 2020 8:49 pm

UK retail giant Debenhams in trouble - 22,000 jobs may go ... https://www.mirror.co.uk/money/breaking ... g-21820542

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Business closures, job cuts, market crashes

Post by Admin » Fri Apr 10, 2020 5:04 pm

Lufthansa mothballs big jets, says air travel recovery might take years ... https://krcrtv.com/news/nation-world/lu ... take-years

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