Even the rich are poor - Porsche forced to cut production
You'd might expect people who can afford a Porsche on any given day of the week, to still have the cash to afford one in a recession. Seemingly not, because sales have dropped by 27 per cent over the past six months. The filthy rich are now only lightly soiled and it's forcing Porsche to cut around 19 production days over the next three months.
Of course the Germans aren't the only manufacturers affected by the economy's ill health. Just about now, around 2,500 workers will be walking out of Honda's plant in Swindon, and not returning for the next four months. The BBC reports they'll receive their full basic pay for the first two months, then just 60 per cent for the final two.
It's not quite as rosy as a long holiday in which there'll be no excuse not to re-decorate the dining room, though. While staff will be paid during the four month closure, they'll have to work unpaid overtime to pay off their wages received. "Sorry, we're can't let you work, but then we're going to make you pay for not working". Umm, hello McFly?