Terry Macalister
Leading European companies announced job losses totalling more than 10,000 on Wednesday, underlining the scale of problems facing the continent's manufacturers. Vestas, the world's largest wind turbine manufacturer, said 2,000 jobs would be cut after it posted an almost doubling of pre-tax losses in the face of falling prices and fierce competition from China. Some of those jobs could be in the UK, where 500 jobs are also likely to go at Maltby coalmine in south Yorkshire after its owner, Hargreaves Services, declared it unsafe. Mobile telecoms equipment maker Ericsson said it would cut 1,550 jobs – nearly 10% of its staff in Sweden – blaming weakness in global demand for falling exports. Elsewhere garden equipment maker Husqvarna cut 600 jobs and German steel company Klöckner axed 1,800….To Read More…..http://www.guardian.co.uk/business/2012/nov/07/european-companies-job-losses
Leading European companies announced job losses totalling more than 10,000 on Wednesday, underlining the scale of problems facing the continent's manufacturers. Vestas, the world's largest wind turbine manufacturer, said 2,000 jobs would be cut after it posted an almost doubling of pre-tax losses in the face of falling prices and fierce competition from China. Some of those jobs could be in the UK, where 500 jobs are also likely to go at Maltby coalmine in south Yorkshire after its owner, Hargreaves Services, declared it unsafe. Mobile telecoms equipment maker Ericsson said it would cut 1,550 jobs – nearly 10% of its staff in Sweden – blaming weakness in global demand for falling exports. Elsewhere garden equipment maker Husqvarna cut 600 jobs and German steel company Klöckner axed 1,800….To Read More…..http://www.guardian.co.uk/business/2012/nov/07/european-companies-job-losses
My Take – Green energy as an alternative is stupid, irrational, stupid and insane. It cannot be an alternative because it is a parasite on the energy grid that must be maintained in order to cover the failures of green. It cannot be sustained without tremendous subsidies….Duh….that means it doesn’t work as an alternative. Natural gas is an alternative to coal and vice versa because both will work as well as the other in producing energy. Solar is an alternative to wind and vice versa. But neither solar or wind can be an alternative to coal or gas because neither can stand on their own. What part of that is so hard to understand?
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