Isuzu, an auto maker, has decided to layoff people who were working part-time. This is a layoff of 1,400 people.
As we knew here, the auto sector is pretty dead in USA as the clownsumers can barely afford five dollar purchases let alone big ticket items in the multi-thousands. This has been a major factor for seeing news like this out of Japan. The clownsumers can't buy their product, so they have to layoff and reduce creating that product. As part of that cycle, their demand for the raw and built materials that go into that product, like sheet steel, also go down. Additionally, the local Japanese saver or consumer either eats into their savings a bit or consumes less and impacts the local economy there. The world will need to learn how to establish trade with each other and finally decouple from the toxic, debt-ridden, idiot American clownsumer.
Related:
Automobile demand meet the cliffs of the Grand Canyon
Steel My Mind: U.S. Steel to Layoff
Car Parts Falling Apart!
Big ticket items taking big hit
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