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In the most visible sign yet that the rebuilding of Lower Manhattan has begun, workers yesterday began the first step in erecting a new skyscraper on the site where 7 World Trade Center once stood.
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Hong Kong's airline, Cathay Pacific, badly bruised from vast rows of empty seats on flights around Asia, has begun shedding workers, starting last week with 750, of whom 220 will be laid off here in Hong Kong.
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Since then, Microsoft has begun reclassifying temporary workers as company employees if 12-month assignments have to be extended.
The agency has begun laying off workers as part of the decision to retire the shuttles next year.
High-priority development projects have been threatened, and the city has begun laying off workers — including police officers — to make up for a $58 million revenue shortfall.
Countrywide Financial, which last week was suffering severe problems raising cash in the short-term debt markets, has begun laying off workers and paring back its underwriting activity.
International companies are also taking protective measures and the world's largest steelmaker, ArcelorMittal, says it has begun evacuating some workers at its iron ore mines in Liberia.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com