Recent job articles
October job losses hit a 14 year high- Where is the bailout money really going? CEO's pockets
- Wall Street expects more than 200,000 layoffs
- Circuit City is closing 150 stores in the United States
- Redundancy Entitlements
- Yahoo is set to cut 3,500 jobs by the end of the year
- Tesla Motors gets a new CEO, layoffs are coming
- Most American corporations don't pay income taxes
- PepsiCo is cutting 3,300 jobs around the world
- Jones Soda is laying off 40 percent of their workers
- UBS Bank is cutting over 2,000 jobs
- Kraft Foods is cutting 400 jobs in North America
- eBay is cutting jobs during hard economic times
- Obama calls for small-business rescue plan
- Thousands of jobs are being lost in the United Kingdom
Thousands of jobs are being lost in the United Kingdom
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Thousands of jobs have been lost in the North East as struggling companies are hit by the credit crunch, the Chronicle can reveal today. The main impact so far has been on the construction industry as house building slows down and on manufacturing.The financial crisis which hit Northern Rock has also led to major job losses, though these have not yet appeared in the figures. However, the hope is that the half per cent cut in interest rates, along with the Government's 500bn bail out package for the banks, will give the economy a badly-needed boost.
Alan Clarke, chief executive of the regional development agency One NorthEast, warned of tough times ahead, though he remained optimistic about the medium and long-term prospects of the local economy.
New figures from One NorthEast reveal that 2,000 jobs were lost between March and June, and the numbers claiming job seekers' allowance rose by 5,000 between April and August. More.
Related Story: Wall Street expects more than 200,000 layoffs
Related Story: Yahoo is set to cut 3,500 jobs by the end of the year
Related Story: Tesla Motors gets a new CEO, layoffs are coming