As the recession continues and everyone’s purse strings tighten even further, more job losses have been announced.
In the news today, Staples Promotional Products are eliminating 45 jobs. The job losses come from the Iowa, Hawarden and Marcus plants, all job losses are blamed on the economy.
Last year, Staples Promotional Products became the largest US supplier of promotional products after they acquired Corporate Express Promotional Marketing in 2008. According to reports the two companies earn more than $400,000,000 in sales annually, yet are still heavily affected by the current recession.
After the print of the Sunday Times rich list, it has become apparent that the music industry have been hit hard by the credit crunch too. Reports have said that some of the wealthiest British individuals have seen massive dips in the fortune.
The list has shown that Paul McCartney has apparently lost £60 million from his wealth since the list was published last year. Though, still in 3rd position on the music industries wealth list it is hard to feel too sorry for him. His fortune still stands at an estimated £500 million!
Elton John has seen a 26 percent drop on his fortune, from £235 million in 2008 to £175 million this year.
All looks good for Andrew Lloyd Webber who tops the music industry rich list.
The rest of us can watch on in envy, as they lose more than we could ever hope to hold in our accounts!
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