Friday, September 18, 2009

But i thought car sales were on the up!

Further jobs fears at Bosch plant

Further job losses are feared at a Bosch car parts factory after figures showed sales fell 45% in the past year. The 900 workers at Miskin, Rhondda Cynon Taf, have been told redundancies are likely and closure has not been ruled out if demand continues to drop.

Posted by mark @ 06:39 PM (1021 views)
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5 thoughts on “But i thought car sales were on the up!

  • Anyone know when the next unemployment figures are released?

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  • Anyone know when the next unemployment figures are released?

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  • Twice, I ask!?

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  • Perversely, although the scrapage scheme helped the car manufactures, the car manufactures themselves are not willing to help anybody else relies in the industry, like parts factory.

    All the car manufactures are doing is cleaning the old stocks. They are not making new orders. That’s why car parts factories are not getting any business.

    Why? Because – for the same reason as the banks. They only care about themselves – a human nature that becomes amplified in a recession

    The guys got money from the taxpayers are not circulating it to revive the economy, as the naïve government hoped. Instead they just stuffed the money under a mattress for a rainy day. Banks, developers, car manufactures, it doesn’t matter. They all behave the same way – the self-interested way.

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  • Car parts are increasingly being sourced from the far east and as the quality of parts increases so will the temptation to the likes of Bosch to source parts at lower prices in order to simply stay in global business.

    This is the price of the financialisation and globalisation of industry so what has already happened to domestic appliance manufacturers in the UK will also equally apply to what is left of the automotive sector, expect more of the same elsewhere in the UK.

    If the UK is expensive to live in it is also too expensive to manufacture in!

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