Wednesday, December 3, 2008

Repossession Repossession Repossession

UK job market weakening rapidly

Oh yes ! Whole streets of ultra cheap housing coming our way in about ..... 6 month's time. Funnily enough, there are still plenty of "real" jobs around, I mean engineering etc. etc.

Posted by voiceofreason @ 09:18 AM (776 views)
Please complete the required fields.



8 thoughts on “Repossession Repossession Repossession

  • vor,
    Are you sure about those engineering jobs? What about all the troubled car makers – Aston Martin laid off a large batch of UK workers within the last week, and the American Big Three have their own problems. I was under the impression that most businesses, including engineering, are suffering a drop-off in demand because of the lack of credit.

    Reply
    Please complete the required fields.



  • Defence, energy, utilities, healthcare.

    These are doing OK as they are all govt money or cash rich utilities.

    Consumer markets like auto makers, consumer electronics is all off-shoring anyway in the UK. So no change there.

    IT is stuffed, but that isn’t proper engineering 🙂

    Reply
    Please complete the required fields.



  • I’m an electronic engineer, with 10 years experience, and have just moved jobs. I agree with voiceofreason. I was offered loads of job interviews last month, but most were in defense.

    My experience is that most engineering companies have frozen recruitment for the time being out of cautiousness. But a lot of defense companies have huge contracts, lasting years. However, mobile phone manufacturers or producers of white goods may well be suffering.

    The UK has a dire shortage of EXPERIENCED engineers at the moment, so does Germany. With everyone opting for non-engineering degrees at uni these days. One multinational company told me that they are finding it really tough to get experienced engineers. They had 200 CVs sent to them, but only interviewed 5 people. Salaries have generally been rising steadily over the past few years, and now average about the same as accountancy salaries.

    Reply
    Please complete the required fields.



  • what about the UK strong fundamentals ?

    Reply
    Please complete the required fields.



  • fjcruiser … I remember them, where are they now ?

    Reply
    Please complete the required fields.



  • Eyes_wide_open says:

    “IT is stuffed, but that isn’t proper engineering :)” – voiceofreason

    Who looks after this website (amongst the millions of others) and the maintenance of the Internets infrastructure, DNS, Routers, Servers? Who looks after the computers (servers, desktops, laptops) in practically every single office on the face of the planet?

    Becareful you don’t get too smug… we’re all on the same sinking ship.

    Your name appears to be something of an oxymoron considering how arrogant and smug you sound.

    Reply
    Please complete the required fields.



  • Agreed, engineering seems to be fairly immune so far (apart from the automotive industry). I’m a Process Engineer working in Oil and Gas, and the job market is rosy. Most of the Oil and Gas work is for multinationals and overseas clients, so a weak pound is even better news. Prospects for working outside of the UK have never been better too. Investment in oil and gas facilities is a safe bet and the banks will have to start investing somewhere soon and this is where it will go. Just as safe as treasury bonds but the yield is better.

    Reply
    Please complete the required fields.



  • vor, not sure i agree with the first part of your IT comment. it’s had it’s bubble, and is a bit like saying plumbers are stuffed. second part is mostly true.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>