Another thing companies are doing: cutting the work week by a day or two. Employees are technically employed, but their income is cut. That is happening alot around here.
Another local company is laying off 90 employees next month. My sister-in-law worked for Chrysler for almost 20 years. Their plant was sold 5 years ago. She just heard last month, the entire plant will be closed by the spring. Honda has cut production here in Bama, which in turn has caused their suppliers to lay-off workers.
I just can't see an end to any of this.