Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
There were articles in the Arkansas Democrat Gazette today, (Wednesday,) about layoffs by LM in Little Rock.  These layoffs are attributed to a drop in sales due to lack of availability of credit, according to Randy Fox, vice president and North American general manager LM Glasfiber.  They are closing the plant in which they started production here and transferring some workers to their new plant at the Little Rock Port.  

Mr. Fox was at pains to point out that, even with these layoffs, LM is ahead of projections for total employment by Jan, '09 and that they will be here for the long term.  He also notes that some of these workers could be re-hired.  The article goes on to note that DMI Industries of Fargo, N.D. has announced a 20% reduction in employment, also attributed to the credit squeeze.  We can hope that the Obama administration will give some attention to some of the consequences of the financial implosion other than trying to provide first aid for the perpetrators.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Jan 7th, 2009 at 06:27:48 PM EST

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