financial and economy : Shopkeepers feared a slump in business.
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Deli workers fretted about shrinking lunch lines. Municipal employees worried about the future. Residents wondered how to comfort friends. Bartenders prepared to pour drinks. Across Essex on Monday, people from all walks of life absorbed the news that IBM had eliminated the jobs of 500 employees. Monday's job reductions the latest in a series of cutbacks that have cost about 2,300 IBM employees their jobs since November 2001 hit the community hard. The effect of this will go on for months,'' said Jon Houghton, manager of Maplehurst Florist on Lincoln Street in Essex Junction. ''People won't need to spend money on flowers or going out to eat or other things they do. Each job lost is a job that won't spend money throughout the community.'' Maplehurst felt the impact of each round of IBM's recent job cuts. To stay afloat, the flower shop expanded to Burlington, Houghton said. "It's not easy to succeed in business,'' he said, ''and this is going to magnify that.''
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