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Squeeze Is On As Firms Fight For What Little Work Is Available

Publication Date: 09-SEP-09
Author: Steve Setzer
Format: HTML

    
Description:
The industrial and manufacturing sector, already care-worn with decades of ‘hollowing out’ as plants moved overseas, continued its slow spiral downward in the last year. The economic crisis that hit in fall 2008 further sapped capital expenditures across the board, and the bankruptcy of two of America’s Big Three automakers this spring contributed to the decline.
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