I have listened to a podcast called "Corus set to cut 2000 jobs in UK"...It was actually a news video.
Corus is a famous brand which makes steel,which is one kind of metal.Steelmaker Corus is set to cut 3,500 jobs worldwide, including more than 2,000 in the UK.Corus is the big company with many factors and employers.It has 42000 global workforce,but there are 3500 job losses and 2000 of them here in the UK.The company,like all steelmakers is facing an unprecedented downturn in market demand.
Why the falling in the global demand makes Corus set to cut 2000 jobs in the UK.???
Demand for cars and manufactures are now 30 to 40 % falling.And steel is the main material to make cars.Tha major car companies such as Honda,demand is falling leads to fall in steel too.So Corus set to cut 2000 jobs in UK,to fight with global demand fall and reccession.
Current ratio
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The current ratio is a financial ratio that shows the proportion of current
assets to current liabilities. The current ratio is used as an indicator of
a c...
6 years ago
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