Job losses
As the economic recession starts to bite, the jobs go.
Apart from the imminent 100 at Lighthouse Caledonia, a further 19 have gone at Bardon, 6 at OneTel and (it is estimated) another 25-30 at various building contractors, and with other redundancies - including at the Bank of Scotland - I estimate that an extra 300-350 people will be unemployed come Christmas.
And I don't expect it to stop there, with one major business on the islands now unilaterally changing its payments terms from "30 days" to "60 days after the end of the month in which the invoice is received", leaving local suppliers struggling to fund wages and materials until that debt is paid.
Sorry to be gloomy, but it is only going to get worse.....
Apart from the imminent 100 at Lighthouse Caledonia, a further 19 have gone at Bardon, 6 at OneTel and (it is estimated) another 25-30 at various building contractors, and with other redundancies - including at the Bank of Scotland - I estimate that an extra 300-350 people will be unemployed come Christmas.
And I don't expect it to stop there, with one major business on the islands now unilaterally changing its payments terms from "30 days" to "60 days after the end of the month in which the invoice is received", leaving local suppliers struggling to fund wages and materials until that debt is paid.
Sorry to be gloomy, but it is only going to get worse.....
6 comments:
I should think that any supplier willing to accept such terms is either blessed with very very deep pockets or requires medical attention of the kind not readily available on this Island
It could be worse we could have had 100+ people employed in Arnish to build wind towers for the moor. Jobs for all those who will have none at Christmas. Instead I hear even Arnish (again) is like;y to be shut by the festive season.
God bless the SNP, AA and ABM. What a great show.
What about the constant redundancies in the Kenneth MacKenzie mill. With the almost weekly drip drip of pay offs it doesnt look like there will anybody employed in the factory by Christmas!
The Beach Bouy and the Barra Bhoy are going to save Kenneth MacKenzie, along with Lighthouse Caledonia. Just as they were going to do with the Scalpay factory.
I don't think that it's local politicians that have got the country into the current mess that it's in, but the Labour Government. So much for Gordon Brown being prudent.....
The Brown Bounce seen in Glenrothes is one thing, but could be very interesting if Labour do decide to go for a Spring 2009 General Election, as the effects of the credit crunch are likely to be biting hard by then.
I thought Arnish had contract(s) in Turkey for 40 odd machines?
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