Close down!

Today when reading the papers, i was dazzled at the news. Desbro (the steel manufacturer) is going to cease industrial production of bars because of sustained reduction in profits. The ministry of commerce did not agree to the increase in bar prices. The production halted, and a meeting is being organised with the personnel for their eventual redeployment. This scenario ressembles a lot the revendications of bread manufacturers, where finally the govt acceded to the price rise.

The country seems to be undergoing recession. I do not know for other companies but the trend is that there seems to be drop down in commercial activities lately.

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