The layoffs will affect everyone.
My firm would definitely make layoffs, but I've survived numerous culls before.
Daewoo Declared Bankrupt Creditors of Daewoo declared south Korea's third biggest carmaker bankrupt last Wednesday after unions rejected a restructuring plan calling for layoffs.
We had a very big internal debate - whether to continue with the policy of rotating layoffs, or reducing the working week.
layoffs in the structurally weak sectors will not be accelerated by unintended real wage increases.