Monday, November 24, 2008
Beaumont Job Cuts are the Latest
As numerous industry sectors continue to struggle (autos, banking, airlines, insurance, steel, retail stores...), I thought healthcare would be somewhat insulated by all of this. But now the credit crunch is taking a toll on the ability of healthcare systems to raise investment money. So less capital investment means not only fewer new jobs, but now we are starting to see healthcare job cuts. I guess funeral homes are the only ones left with consistent business.