Wednesday, May 10, 2006

Another 1,000 job losses

BBC News: GM considers 1,000 job cuts in UK

General Motors (GM) has confirmed that it is considering axing 1,000 jobs in the UK this year.

Posted by Webmaster @ 08:50 PM (605 views)
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1. Doggadogdog said...

hp sauce 125
GM 1000
nlt telewewst 6000
littlewoods 1200

total 8325

this is one weeks job losses. Mirracle economy my arse.

Wednesday, May 10, 2006 11:20PM Report Comment

2. Talking_rot said...

Clearly the future of employment in UK lies within BTL Agencies and Estate Agents. When we're a Nation of BTL Agencies and Estate Agents Crash Gordon's economic miracle will be complete.

Thursday, May 11, 2006 08:44AM Report Comment

3. Uncle Tom said...

Some time ago I saw it estimated that during the last economic downturn in the early 90's, some 200,000 nationals of other countries, mostly based in London, left our shores for richer pickings elsewhere.

This despite the fact that there was much less temporary migration then than there is today.

The recent upturn in unemployment must be making the UK less attractive - particularly for nationals of other EU countries.

I'm not sure that it has happened yet, but if unemployment continues to rise, we may well see a significant exodus of the 'Polish plumbers'.

That might well scupper any dreams of higher rents and lower voids in the BTL sector...

Thursday, May 11, 2006 08:55AM Report Comment

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