THAI NEWSPAPER CUTS 60 JOBS

The Thai language weekly business newspaper ThanSetthakij has cut 60 members of staff, a third of whom are understood to be journalists. A story in The Bangkok Post today cites the global economic crisis as the reason behind the decision.
The story also makes mention of GG News Network, operators of a business news radio station, which has ceased operation, and Nation Multimedia Group which has "laid off a significant number of newsroom staff" according to the report.
No matter where you are in the world there are more journalists than jobs at the moment.

h/t to Gareth at Director Thailand.