ʎqɐqɹǝʞɐɥs Posted March 22, 2005 Share Posted March 22, 2005 Date Announced: 22/03/05 Company: Bank of Ireland Number of losses: 2,100 Percentage of workforce: 12% Area: UK and Ireland Link: http://news.bbc.co.uk/1/hi/business/4371021.stm Quote Link to comment Share on other sites More sharing options...
Clueless Posted March 22, 2005 Share Posted March 22, 2005 Just read the head line in the Bradford newspaper while going for lunch. 120 jobs to go at Danso car parts in the city. I think they will soon need to rewrite the Labour election poster. Thatcher - recession, Major - recession, Brown - Depression Quote Link to comment Share on other sites More sharing options...
TWOPEY Posted March 22, 2005 Share Posted March 22, 2005 Hmmmm. It may just be me , but I find this idea just a little distasteful ? Quote Link to comment Share on other sites More sharing options...
ʎqɐqɹǝʞɐɥs Posted March 22, 2005 Author Share Posted March 22, 2005 Hmmmm.It may just be me , but I find this idea just a little distasteful ? <{POST_SNAPBACK}> Why is it distastful to keep abreast of current affairs especially in these economic times? You can bury your head in the sand as long as you want however I want to be informed as to what is happening throughout the country. Do you also find the Governments monthly unemployment figures distastful? Quote Link to comment Share on other sites More sharing options...
Ah-so Posted March 22, 2005 Share Posted March 22, 2005 These look like fairly standard job losses to me, something that is just part of the ebb and flow of a normal economy, not one about to sink into a recession. how can 120 jobs going at Danso mean depression? It is ironically an unhealthy sign if this is not happenning - it means govt. is propping up unprofitable businesses or the economy is in such a boom that even the weakest can survive, until a recession follows. As someone posted earlier, there is a danger of spinning every bit of news out of all proportion. This looks like it to me. You eventually won't see the wood for the trees. Don't want to spoil the party though. Quote Link to comment Share on other sites More sharing options...
Ignorant Steve Posted March 22, 2005 Share Posted March 22, 2005 2 small shops near me closed down - about 5 people lost their jobs. Must be the retail recession. Or the new Tescos that opened opposite, creating 8 new jobs. Quote Link to comment Share on other sites More sharing options...
Control Freak Posted March 22, 2005 Share Posted March 22, 2005 Hmmmm.It may just be me , but I find this idea just a little distasteful ? <{POST_SNAPBACK}> Agreed. Quote Link to comment Share on other sites More sharing options...
bearly holding up Posted March 22, 2005 Share Posted March 22, 2005 These look like fairly standard job losses to me, something that is just part of the ebb and flow of a normal economy, not one about to sink into a recession. how can 120 jobs going at Danso mean depression?It is ironically an unhealthy sign if this is not happenning - it means govt. is propping up unprofitable businesses or the economy is in such a boom that even the weakest can survive, until a recession follows. As someone posted earlier, there is a danger of spinning every bit of news out of all proportion. This looks like it to me. You eventually won't see the wood for the trees. Don't want to spoil the party though. <{POST_SNAPBACK}> Agreed,what about the news of 02 creating 1500 new jobs?Sorry don't know how to post the link.I think it is appropriate to post about job losses ,but at the same time we should also include new jobs created- this way we will get a more balanced picture of what is happening! Quote Link to comment Share on other sites More sharing options...
Lochy Posted March 22, 2005 Share Posted March 22, 2005 New Jobs at 02 http://business.scotsman.com/technology.cfm?id=307702005 Quote Link to comment Share on other sites More sharing options...
Lochy Posted March 22, 2005 Share Posted March 22, 2005 New Jobs at 02http://business.scotsman.com/technology.cfm?id=307702005 <{POST_SNAPBACK}> Its also worthwhile pointing out that 80% of the Bank Of Ireland job losses will be in Ireland, NOT the UK. Quote Link to comment Share on other sites More sharing options...
Lochy Posted March 22, 2005 Share Posted March 22, 2005 Its also worthwhile pointing out that 80% of the Bank Of Ireland job losses will be in Ireland, NOT the UK.<{POST_SNAPBACK}> Another 750 jobs in Wales by 2007 http://news.bbc.co.uk/1/hi/wales/south_east/4369685.stm Not the doom and gloom thread some people wanted it to be. Quote Link to comment Share on other sites More sharing options...
Cityfool Posted March 22, 2005 Share Posted March 22, 2005 New Jobs at 02http://business.scotsman.com/technology.cfm?id=307702005 <{POST_SNAPBACK}> Yeah but it's not quite as straight forward as that. There are 2000 new call centre jobs but 500 managerial and admin (better paid, possibly not soul destroying jobs) have been lost. This is being repeated all the time. Relatively well paid and skilled jobs replaced by call centre and inputting jobs. Quote Link to comment Share on other sites More sharing options...
Lochy Posted March 22, 2005 Share Posted March 22, 2005 Yeah but it's not quite as straight forward as that. <{POST_SNAPBACK}> Agreed, balance is needed, but this thread was not started with balance in mind. I was simply stressing a point that you cannot pick and choose what you hear about job losses. You must look at gains as well for an overall picture. The guy who started this thread simply stated a "fact" about job losses at the bank of Ireland. They didn't state that the majority of job losses were in Ireland. i.e they were not balanced. I also find it a bit disgusting that people seem to gloat about job losses. Someone will lose their job. They may have a wife/husband and kids to support. This causes a lot of heartache. They mightn't be able to afford the rent/mortgage. Not good at all. Quote Link to comment Share on other sites More sharing options...
ʎqɐqɹǝʞɐɥs Posted March 22, 2005 Author Share Posted March 22, 2005 Agreed, balance is needed, but this thread was not started with balance in mind. I was simply stressing a point that you cannot pick and choose what you hear about job losses. You must look at gains as well for an overall picture. The guy who started this thread simply stated a "fact" about job losses at the bank of Ireland. They didn't state that the majority of job losses were in Ireland. i.e they were not balanced.I also find it a bit disgusting that people seem to gloat about job losses. Someone will lose their job. They may have a wife/husband and kids to support. This causes a lot of heartache. They mightn't be able to afford the rent/mortgage. Not good at all. <{POST_SNAPBACK}> If you cannot see the trend of daily announces of job losses then you are simply fooling yourself. Everybody who keeps an eye on the business sections knows unemployment is rising daily. If you want to report your daily job gains then feel free however you will simply begin to see a very predictable trend. Its not 'if' but 'when'. Quote Link to comment Share on other sites More sharing options...
Gtr London FTB Posted March 22, 2005 Share Posted March 22, 2005 Hmmmm.It may just be me , but I find this idea just a little distasteful ? <{POST_SNAPBACK}> The information itself isn't too distasteful in itself. But the glee that some on this forum seem to show for bad economic news in general is. It's good to see people also mentioning jobs created to give us a bit more of a balanced view. Quote Link to comment Share on other sites More sharing options...
ʎqɐqɹǝʞɐɥs Posted March 22, 2005 Author Share Posted March 22, 2005 If you cannot see the trend of daily announces of job losses then you are simply fooling yourself. Everybody who keeps an eye on the business sections knows unemployment is rising daily. If you want to report your daily job gains then feel free however you will simply begin to see a very predictable trend.Its not 'if' but 'when'. <{POST_SNAPBACK}> For example 2 other from the last couple of days: Peaugot and BBC - Cant remember figures but there in the thousands. Quote Link to comment Share on other sites More sharing options...
Clueless Posted March 22, 2005 Share Posted March 22, 2005 I agree with Shakerbaby. This economy has been running for at least the past three years on a combination of artificially low interest rates, Gordon Brown tax rise sponsored nothing jobs and credit junkie consumerism. Once these catalysts are removed (not through choice) the economy will tank big time taking many unfortunates, both property owners and renters with it. The trend Shakerbaby identifies is merely the beginning of the end. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted March 22, 2005 Share Posted March 22, 2005 Another 750 jobs in Wales by 2007http://news.bbc.co.uk/1/hi/wales/south_east/4369685.stm Not the doom and gloom thread some people wanted it to be. Paying pitiful salaries from what I hear. I have been told that they consider their Welsh operation at the same salary level as their Bangalore operation? Quote Link to comment Share on other sites More sharing options...
ʎqɐqɹǝʞɐɥs Posted March 22, 2005 Author Share Posted March 22, 2005 For example 2 other from the last couple of days: Peaugot and BBC - Cant remember figures but there in the thousands.<{POST_SNAPBACK}> Oops, and heres some more from the 21st: http://news.bbc.co.uk/1/hi/scotland/4368645.stm Not a biggie but its all part of the same trend: http://news.bbc.co.uk/1/hi/england/notting...ire/4365699.stm And what this? Oh yes another cut mentioned last Friday: http://news.bbc.co.uk/1/hi/england/hampshire/4359191.stm Lets hope its not your house thats burning down: http://news.bbc.co.uk/1/hi/england/london/4359527.stm We're still only back to the 18th for this one: http://news.bbc.co.uk/1/hi/scotland/4358987.stm Oh well: http://news.bbc.co.uk/1/hi/business/4353423.stm Need I go on? Do the math! Quote Link to comment Share on other sites More sharing options...
Ah-so Posted March 22, 2005 Share Posted March 22, 2005 Need I go on?Do the math! <{POST_SNAPBACK}> No, you do some. The economy is constantly evolving and this sort of thing happens. Alders went into administration recently, not because of the impending economic apocolypse, but because it was naff and outdated and everyone now goes up the road to Debenhams. Workforces build slowly but collapse suddenly, like ( too much like!) a house of cards. There are thus not likely to be many stories reporting massive job gains. Why not look at the unemployment figures for the past few years. I do not have them to hand, but am sure you can find a link. The economy is constantly evolving and this sort of thing happens. Alders went into administration recently, not because of the impending economic apocolypse, but because it was naff and outdated and everyone now goes up the road to Debenhams. Quote Link to comment Share on other sites More sharing options...
ʎqɐqɹǝʞɐɥs Posted March 22, 2005 Author Share Posted March 22, 2005 No, you do some.The economy is constantly evolving and this sort of thing happens. Alders went into administration recently, not because of the impending economic apocolypse, but because it was naff and outdated and everyone now goes up the road to Debenhams. Workforces build slowly but collapse suddenly, like ( too much like!) a house of cards. There are thus not likely to be many stories reporting massive job gains. Why not look at the unemployment figures for the past few years. I do not have them to hand, but am sure you can find a link. The economy is constantly evolving and this sort of thing happens. Alders went into administration recently, not because of the impending economic apocolypse, but because it was naff and outdated and everyone now goes up the road to Debenhams. <{POST_SNAPBACK}> No matter how many times you say it it is the start of the end as we know it. Maybe with the unemployment figures you might also want to post the rising student figures and then also start considering the trillion in debt people are drowning in and how the unemployed are going to pay it back. Thankfully I did the sensible thing and cleared all my debt last year. Quote Link to comment Share on other sites More sharing options...
200p Posted March 22, 2005 Share Posted March 22, 2005 It will be interesting to see how the retail sector holds up - if they make it till christmas 2005 - we already saw the Gadget shop go under. We already mentioned previously that M&S, WH Smith, Woolies, Boots and Dixons are finding it tough in another thread. This comming Christmas needs to be a good one. Where are the new jobs comming from? I don t see any booming industries at the moment- with the exception of the supermarkets Tesco, and Asda (are they replacing the lost jobs in big enough quantities??) Quote Link to comment Share on other sites More sharing options...
No6 Posted March 22, 2005 Share Posted March 22, 2005 It will be interesting to see how the retail sector holds up - if they make it till christmas 2005 - we already saw the Gadget shop go under.We already mentioned previously that M&S, WH Smith, Woolies, Boots and Dixons are finding it tough in another thread. This comming Christmas needs to be a good one. <{POST_SNAPBACK}> Does that mean Christmas sales will start in July this year? Quote Link to comment Share on other sites More sharing options...
ʎqɐqɹǝʞɐɥs Posted March 22, 2005 Author Share Posted March 22, 2005 It will be interesting to see how the retail sector holds up - if they make it till christmas 2005 - we already saw the Gadget shop go under.We already mentioned previously that M&S, WH Smith, Woolies, Boots and Dixons are finding it tough in another thread. This comming Christmas needs to be a good one. Where are the new jobs comming from? I don t see any booming industries at the moment- with the exception of the supermarkets Tesco, and Asda (are they replacing the lost jobs in big enough quantities??) <{POST_SNAPBACK}> Thats right I forgot about the Gadget shop going into administration just last week with the loss of circa 750 jobs I think. Oh but no doubt someone will post that the customer has simply started to shop at .... oops, where else can someone buy gadgets? It definetly a sign of tightening purse strings when the consumer stops buying cheap tacky plastic gadgets. Quote Link to comment Share on other sites More sharing options...
200p Posted March 22, 2005 Share Posted March 22, 2005 Does that mean Christmas sales will start in July this year?<{POST_SNAPBACK}> No - we'll just have to invent a new religous festivity where buying expensive gifts for one another is another must-do occasion in the calender. July would be about right. Quote Link to comment Share on other sites More sharing options...
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