Every minute makes 5 people jobless

Every time a minute pass on 5 people around the world is loosing their jobs, as per recent reports.

The first two months in 2009 recorded around 400,0000 job loss as per the reports. These job loses are thru various means like termination as part of the recession, VRS packages, forced terminations and forced unpaid vacations.

Last year around 10 million people faced job loss as part of global recession. As we are not seeing much progression in the global economic situation, this year also expected to have the similar amount job loss.

The electronic companies and auto companies account for the most number of terminations.