A big layoff is going to come in India. Indian Railways is thinking of cancelling it's locomotive contract to GE. This is going to be huge blow to GE Transportation business which is already in tough situation due to slow down of loco business in US as well as oversees markets.
How many jobs and when is the question.
Anybody knows more about this? When India starts having big layoffs is when I start getting worried. If they are laying off the cheapest workforce, what can the rest of us expect in the near future?