Posted by I need a handle on January 26, 2009 at 08:57:34 from (71.254.6.226):
In Reply to: Re: DHL layoffs posted by Mike (WA) on January 26, 2009 at 08:33:12:
DHL had gotten a fair share of the market and had become a contender. This economic downturn has killed thousands of businesses, anything that had a considerable amount of debt/obligations and thrived on high sales is in trouble. In good times, it was ok to have debt to expand and grow, but right now its deadly. This is why business is so risky. Nobody had a crystal ball to know what business would be like from one year to the next.
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