How is the Recession affecting you an the Company you work for?

As ive just been told of another company we cant give credit to an that's 3 company's since Christmas. Cash eftpos or credit card only now, no credit at all This question sho...

As ive just been told of another company we cant give credit to an that's 3 company's since Christmas.
Cash eftpos or credit card only now, no credit at all

This question should probably be in the finance section but only interested in the New Zealand answers.

H-man	Cut-backs and lay-offs. (H-man, your services are no longer required after Christmas) or similar

maree	i work for a large international company but with over 200 branches in NZ, we are having our best year to date since 1977.

X-Jacinta-X	my parents own a buisness so the profits have been real down lately. it must suck not being able to use credit were u work coz heaps of people must not get anything coz they alwayz pay by credit and then suddenly theirs no credit.But understand were the company u work rr comin from the credit card companies charge like 3% on every purchase that must be hard.

Kaled M	Not sure whats the state in New Zealand but here in the UK, we were in recession long before the govenment announced it officially. A sign of a looming recession is a slump in property prices.