Michelin, Gallaghers etc - lots of bad economic news!

Mistral001

According to the local paper the workers (at Michelin in case anybody has forgotten the title of this thread) have been all guaranteed at job other Michelin factories in UK and the Continent. That is some good news as many workers will take up the offer no doubt. Also good news for people who want to buy a house in the area I suppose.

stephenni1971

Mistral001 wrote: »

According to the local paper the workers (at Michelin in case anybody has forgotten the title of this thread) have been all guaranteed at job other Michelin factories in UK and the Continent. That is some good news as many workers will take up the offer no doubt. Also good news for people who want to buy a house in the area I suppose.

That's great news. Hopefully they will get a good uptake on the offer.

motorguy

tara747 wrote: »

Not at all. I'm just seeing a lot of negative economic news locally.

And an awful lot of negative house prices news too from memory - even though the house prices have long since started moving UP.

tara747 wrote: »

You know a few people earning more than the average in the private sector = fact.

The average salary here is lower than elsewhere, and it's getting lower with the loss of thousands of well-paid jobs = fact.

20,000 jobs are to be lost in the public sector alone. That's huge.

The average salary is lower, however the cost of living is lower too. Much lower.

Public sector jobs are not all going TODAY, and will be aborbed elsewhere. Plus dont forget a load of public sector people will take early retirement.

tara747 wrote: »

There are some seriously high public sector salaries, believe me. Even at mid-range levels. Plus the public sector employs lots of professionals and graduates - solicitors, accountants and the like. Ever seen the pay scales?

Yes, been on the payscales, and well up them.

Speaking of solicitors. I worked with one woman who was a solicitor in a civil service section, went from a £50K pro rata salary (she worked 3 days a week so was on £30K) to a six figure salary in the private sector...

tara747 wrote: »

Exactly.

Sure, motorguy makes a point - there are opportunities to progress in most lines of work, even call centres. But the average salary is low. The few who earn £30k aren't enough to skew the figures.

Well dont settle for average pay then - those who are good in any job for any company can and will progress. And if not, move elsewhere.

And another thing i've found - dont dwell on other people and what the average pay here might be. Focus on what you have and how well you can do.

wacko911

I hear moypark is moving its factories to another county. Not sure how true that is but job losses will be massive if they do.

motorguy

wacko911 wrote: »

I hear moypark is moving its factories to another county. Not sure how true that is but job losses will be massive if they do.

That would be a massive direction change for them if they do - they promote themselves as a local company using local produce.

I could forsee them opening further sites into Europe, but i'd be surprised if they moved everything to mainland europe.

Ticked

motorguy wrote: »

That would be a massive direction change for them if they do - they promote themselves as a local company using local produce.

I could forsee them opening further sites into Europe, but i'd be surprised if they moved everything to mainland europe.

They are Brazilian owned, wouldn't be the first company to bring manufacturing to the home country. Not good for us if they do.

motorguy

Ticked wrote: »

They are Brazilian owned, wouldn't be the first company to bring manufacturing to the home country. Not good for us if they do.

A long way to transport chicken fillets, given their home market is the UK and Ireland and into Europe.

Bridgeton_Boy

With all the recent job losses in private and also the public sector ( for example HMRC closing all local offices over the next 2 years) N.Ireland is in a bad way economically. I also think that with the EU membership referendum coming sometime soon (2016 / 2017) looking like a UK withdrawal that with the land boundary with the Republic of Ireland and the impact of restrictions and additional administration increased costs on imports / exports that we are going to suffer even more economic downturn than any other part of the UK. Instead of petty fighting our politicians should be putting aside their difference and treating these jobs losses as an emergency . Suggestions such as looking at how we can reduce costs for business such as with their power / utility costs, reducing rates on businesses, getting the UK government to provide grants to businesses to take on young people / long term unemployed ( and dont tell me there is no money as they are spending billions on renewing Trident missile system), stop the removal of public sector jobs from N.Ireland to UK ( as with HMRC, DVLC, 999 call centre,), start a programme of ensuring every home in N.Ireland has the best available insulation fitted so no one should live in a cold drafty house leaking heat, build better infrastructure (roads - e.g motorway from northwest to Belfast), more solar farms and wave power and look at hydro to help generate more of our own energy, upgrade broadband. These are just some of the things that we can do which can help if not stop job losses but at least provide an opportunity to have these replaced with new ones. Time for these fools on the hill to pull their finger out to do something before its too late.

qwert_yuiop

wacko911 wrote: »

I hear moypark is moving its factories to another county. Not sure how true that is but job losses will be massive if they do.

Sounds like nonsense, They've recently lent loads of money to local farmers to set up breeding and growing operations. Perhaps live chickens are going to be exported for processing. If plants were to close, job losses among locals would be minimal. The whole thing's mad. Ever met a portuguese junkie? Not a pretty sight.

motorguy

qwert_yuiop wrote: »

Sounds like nonsense, They've recently lent loads of money to local farmers to set up breeding and growing operations. Perhaps live chickens are going to be exported for processing. If plants were to close, job losses among locals would be minimal. The whole thing's mad. Ever met a portuguese junkie? Not a pretty sight.

Totally agree.

A lot of non UK / European companies buy companies here as a springboard into the European market for them.

Thats why Concentrix bought the Contact Centre group GEM, for example.