Economic downturn continues to beset trade groups
- March 12, 2009 |
- CEO Update
Several associations have announced staff layoffs and budget cuts in recent weeks, as the recession ailing the country continues to make its mark on lobbying industry groups. And no sector is immune. Industries as diverse as music and movies, restaurants and home building are feeling the impact of a downturn alongside financial groups. A sample: The Recording Industry Association of America laid off nearly 30 percent, or 31 of its 104 employees, in February. The group announced in December it would also give up its five-year litigation campaign against illegal file-sharing. American Forest & Paper Association let 13 people go in February as the economic downturn… Read More