OnlyMe Posted December 23, 2005 Share Posted December 23, 2005 http://today.reuters.co.uk/investing/finan...JOBS-URGENT.XML Outokumpu says to cut 670 jobs in Sheffield HELSINKI, Dec 23 (Reuters) - Stainless steel maker Outokumpu (OUT1V.HE: Quote, Profile, Research) said on Friday it will cut 670 jobs in Sheffield in northern England, having concluded staff talks. Quote Link to comment Share on other sites More sharing options...
ajh Posted December 23, 2005 Share Posted December 23, 2005 HELSINKI, Dec 23 (Reuters) - Stainless steel maker Outokumpu (OUT1V.HE: Quote, Profile, Research) said on Friday it will cut 670 jobs in Sheffield in northern England, having concluded staff talks. Not a particularly good Christmas present for the affected staff. Quote Link to comment Share on other sites More sharing options...
libitina Posted December 23, 2005 Share Posted December 23, 2005 Why do all these companies decide to make their staff redundant at Xmas? Pity they can't wait until the end of March to do it................... Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted December 23, 2005 Author Share Posted December 23, 2005 Not a particularly good Christmas present for the affected staff. It will continue until the banks and the BOE stop force-feeding money into property and ruining the competitiveness of the UK economy. Actually, if anything it looks like the destruction of British industry is occuring at an increasing rate. I am coming to the concluson that ther globalisation freaks are doing this on purpose, we will end in the gutter. Quote Link to comment Share on other sites More sharing options...
MarkG Posted December 23, 2005 Share Posted December 23, 2005 Why do all these companies decide to make their staff redundant at Xmas? Presumably because it's the end of a quarter. Actually, if anything it looks like the destruction of British industry is occuring at an increasing rate. How can manufacturers in the UK possibly afford to pay wages high enough for their workers to sustain our high cost of living (and, in particular, our insanely high house prices), when their competitors are hiring Chinese workers for $0.50 an hour instead? Sacking them and moving production abroad just seems like a no-brainer in most cases. Quote Link to comment Share on other sites More sharing options...
Nayved Posted December 23, 2005 Share Posted December 23, 2005 Presumably because it's the end of a quarter. How can manufacturers in the UK possibly afford to pay wages high enough for their workers to sustain our high cost of living (and, in particular, our insanely high house prices), when their competitors are hiring Chinese workers for $0.50 an hour instead? Sacking them and moving production abroad just seems like a no-brainer in most cases. This exactly why house prices will crash below anybody's imagination. Chinese wage inflation will 0% for the next 20 years because they have so many workers so don't expect house prices to rise before 2025. Governments & Business know this and that is why they are trying to keep people spending (via MEW) as long as humanly possible. Quote Link to comment Share on other sites More sharing options...
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