Even Paper Manufacturers are Feeling the Heat

Posted by KS on April 30th, 2009 — Posted in World financial crisis

How deep is the crisis? How deep is deep? What industries are involved in the deadly pirouette to bankruptcy? Just recently, the company International Paper shut down one of its largest paper plants. The company doesn’t even produce printable paper. Instead, it produces corrugated stuff for boxes.

If something as simple as corrugated boxes is in trouble, what does this spell for people like you and me? It couldn’t possibly be good. We’re talking about a sustained collapse that could hit anyone at any time. When International Paper closed its plant, more than a hundred individuals became instantly jobless.

What would you do if you instantly lost your job?

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