Japan’s Manufacturing Sluggish While India’s Surges
Manufacturing activity in Japan slowed tremendously and layoffs are ongoing from wounded order books. India’s IT hardware market is expected to register a compound annual growth rate of 12.8% in the next four years on strong demand and rising domestic production.
LG Energy Solutions And SK On Lay Off Workers As EV Battery Market Slows
Although there is growth in the EV segment, the expansion is not as fast and smooth as initially planned. According to the Financial Times, LG Energy Solution and SK Innovation’s SK On—recently slightly reduced their workforce in the U.S.
