Amid growing global economic gloom, including a slowdown in China and falling oil and commodity prices, major companies throughout Europe are announcing mass layoffs and job cuts.
Last Wednesday, US multinational General Electric (GE) announced plans to cut 6,500 jobs in Europe over the next two years, including 1,700 jobs in Germany, 570 in the UK, 765 in France and 1,300 in Switzerland. According to comments from the head of GE’s power division last September, this is part of a plan to squeeze out $3 billion in cost savings over five years.
62 Members of the Global Super-Elite have as much money as the poorest 3.6 Billion people on the entire Earth ~ link ~
Russian bombers delivered air strikes at terrorists’ strongholds in Dei ez-Zor province, where Islamic State militants massacred about 300 civilians to intimidate the local population.