Another one bites the dust

Received news today that one of the companies in the Group I am working in will be closed down by March 2005. This company is manufacturing plastic parts and is part of the 5 companies in the Group. Probably over a thousand employees will be retrenched. My company is also suffering from lack of orders. Sales is terribly bad. Wonder how long b4 it suffers the same fate like the sister company. We are feeling the heat from Chinese suppliers and it's scary. They can do amazing products and so quick too.