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‘Meltdown’ in jobs predicted.


In a Guardian Article, Peter Hetherington, regional affairs correspondent, intimates that jobs in the UK could be heading for a 'meltdown' caused by dithering over joining the Euro.

Hetherington moves from the discussion of job-losses at Siemens, Fujitsu and the possibilities for cuts at Nissan, to look at the situation with inward investment. His clear arguement being that inward investors are increasingly looking at mainland Europe rather than the UK

In a further article Patrick Wintour, chief political correspondent with the Guardian, tells how a memo leaked to the newspaper warns that, "We must expect significant high-profile closures. The impact of this will be felt disproportionately in manufacturing heartland regions, exacerbating regional imbalances with all the attendant political problems that implies."


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