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Thursday, 24 November 2011

Compare and contrast

Toyota says it will create 1,500 new jobs at its plant in Derbyshire over the next two years. The new positions are needed as the company plans to increase production and build its new generation family-sized hatchback at the UK factory. Toyota said it would be investing more than £100m at the Burnaston plant as a result of the production decision, taking its total investment in the UK to more than £2.1bn since 1989.

In other news, the Government says the public sector pensions strike next week could cost the economy half a billion pounds and lead to job losses. The planned walkout on November 30 by over two million workers will lower output in the public and private sectors, said the Treasury. Ministers said the biggest impact will be caused by thousands of school closures, forcing parents to work from home, make childcare arrangements, or take their children to the office.

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