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Chip Maker To Cut Irish Jobs In Favour Of E Europe

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Chip maker wants to cut Irish jobs

June 27, 2006 12:46
Chip maker American Power Conversion says it is aiming to cut job numbers at its Irish operations by 200 to 250, mainly in the manufacturing, operations and customer support areas.
A statement from APC said the company would consolidate its Irish operations and redeploy some jobs to locations in Europe, the Middle East and Africa to reduce costs and improve efficiency.
Workers at the APC plant in Galway have been attending a meeting with senior management.

High house prices need high wages and high wages cause jobs to be lost to more competitive markets. Good thing we don't have that problem in the UK. :P


Nortel slashes 1,100 jobs

Company plans to cut positions in effort to bolster operating margins.

June 27 2006: 7:43 AM EDT

TORONTO (Reuters) -- Nortel Networks Corp. on Tuesday said it will cut
1,100 jobs globally
as the communications equipment maker seeks to improve operating margins.

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Chip maker wants to cut Irish jobs

Every time I read of job losses in Ireland I know its getting even closer there.

Remember, every job lost there is equivalent to 20 lost in UK due to 20:1 population.



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LONDON (AFX) - Rising interest rates will lead to a slowdown in euro zone consumer demand in early 2007, but the effects will be mitigated in France and Italy due to lower levels of consumer debt and higher savings rates, Standard & Poor's said in its latest economic forecast for the region.
The overall levels of debt that households have accumulated as a percentage of their gross disposable incomes provide a good indication of which countries are
most exposed to tighter monetary conditions
: within the euro zone, Spain, The Netherlands, Germany, and
Ireland stand out as the most exposed

I wonder what S&P think of the UK being far more indebted than any country in the Eurozone? 1.2 trillion pounds of it.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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