Letters: Myopic view

President Barack Obama’s stimulus plan should work in restoring some health to the beleaguered USA economy.

However, sacking employees in large numbers is detrimental to the business that companies/employers are trying to save. It is almost becoming fashionable to be pessimistic and sack staff. The most valuable assets of any company are its employees. The salary/wage component of any company ranges from 4-10 per cent of it sales, depending on the business. So, termination of employees is not problem-resolving. The talents and skills of employees should be used to diversify, expand, enter new markets and evolve new products.

Rajendra K Aneja, Dubai

 

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