i work at hepworth pipe works, they are on with 2nd lot of redundacies in 12 weeks. times are bad in building trade
I reckon most of the bigger comapnies will be looking at large cuts over the coming weeks. April is the book balancing month.
Actually it is! She instituted the financial deregulation that has caused todays crises. </p> http://www.guardian.co.uk/commentisfree/2009/jan/06/financial-regulation-recession</p>
RE: I reckon most of the bigger comapnies will be looking at large cuts over the coming weeks. I reckon Employers are getting on the 'Band Waggon' and getting rid of people because its in fashion at the moment, not all of them, but they look at reducing overheads to increase profits. Wage bills are a large part of overheads for most firms.
You have to look at the other factors though that employers are having to contend with... Multi national companies in this country are being crushed by the strength of the euro and weakness of the pound. I reckon the company I work for have had nearly 100m wiped off their balance sheet by exchanges rates alone.</p> They have to get that back from somewhere.</p> I'm not saying its right but its a harsh reality of capitilism.</p>
Exchange rates are a factor Where companies have to buy abroad, as we did in the past. But a boom to Exporters, unfortunately there are less and less 'exporters'
