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1) Wales suffered a difficult week economically with nearly 900 jobs lost across several industries. This included the closure of the iconic Hoover factory in Merthyr Tydfil, ending 60 years of production and eliminating 337 jobs.
2) The women's clothing chain Principles also went into administration, closing its only Welsh store in Cardiff and threatening the loss of most of its 2,300 UK jobs.
3) While some signs pointed to a potential recovery in the Welsh housing market, the country's economy remained battered with high street chains and manufacturers continuing to close stores and plants.
Исходное описание:
Principles and Zavvi close in Queen Street, Cardiff.
1) Wales suffered a difficult week economically with nearly 900 jobs lost across several industries. This included the closure of the iconic Hoover factory in Merthyr Tydfil, ending 60 years of production and eliminating 337 jobs.
2) The women's clothing chain Principles also went into administration, closing its only Welsh store in Cardiff and threatening the loss of most of its 2,300 UK jobs.
3) While some signs pointed to a potential recovery in the Welsh housing market, the country's economy remained battered with high street chains and manufacturers continuing to close stores and plants.
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1) Wales suffered a difficult week economically with nearly 900 jobs lost across several industries. This included the closure of the iconic Hoover factory in Merthyr Tydfil, ending 60 years of production and eliminating 337 jobs.
2) The women's clothing chain Principles also went into administration, closing its only Welsh store in Cardiff and threatening the loss of most of its 2,300 UK jobs.
3) While some signs pointed to a potential recovery in the Welsh housing market, the country's economy remained battered with high street chains and manufacturers continuing to close stores and plants.
Авторское право:
Attribution Non-Commercial (BY-NC)
Доступные форматы
Скачайте в формате PDF, TXT или читайте онлайн в Scribd
07/03/2009 20:52:12 24-25 Media Wales lisawalsh 08/03/2009 WoS News Mar8
March 8, 2009 24 WALESon SUNDAY WALESon SUNDAY March 8, 2009 25
Meddys booted out by Paris INBRIEF Clarification IN last weeks Wales on Sunday, we carried a story headlined about how double Grand National winning jockey Carl Llewellyn was training Cerys Whitehouse-Davies, from Rhymney Valley, ahead of the Peoples Race at Aintree. We used a picture of Cerys fellow competitor Suzanne Gill. We apologise for the error. Sweet gesture PROUD book lovers have had a sweet idea to mark the childhood of famous Welsh author Roald Dahl. Llandaff Society in Cardiff plan to erect a plaque to mark young Roalds favourite sweet shop that once stood in the village. SHE was in with a chance of becoming a best buddy for Paris Hilton, but Welsh girl Meddy Fordhas beengiventhe boot by the American It girl herself. Despite looking like a strong contender for the role just a few weeks ago, Thursday saw the Caerphilly-born blonde sick on the pavement. But despite being asked to leave the show, Meddy doesnt have a bad word to say about the social- ite. Paris is perfection and I feel so privileged to have spent that time with her. People class her as a dumb blonde but shes so not, and if I could have one per cent of her success I would die happy. Since leaving the show last week, Meddy has returned to her glamour modelling career, but no matter howdisappointed she may betohavelost out onthechance to buddy-up with Paris, she claims she would never sell her out to the media. bombshells last appearance on the ITV2 show, Paris Hiltons Brit- ish Best Friend. Model, actress, and heiress Hilton ditched Meddy from the runningduetoher lackof effort in the weekly tasks and her beha- viour on a night out having to jump out of a London taxi to be WHILE some of Wales biggest industries are struggling to survive, new figures have hinted at a recovery in the property sector. One of the countrys largest estate agents, Peter Alan, said its sales in January and February soared by 45% compared to the same period 12 months ago. The firms managing director Mick McGuire revealed that last week the company sold its highest number of properties in a year, and believes the surprising increase could mark a turnaround in Wales housing market. He said the firm had sold an average of 63 properties a week during the first two months of 2009. Its 23 branches sold around 35 homes a week during the same period last year. Mr McGuire said: A general lack of confidence has prevented movement in the housing market for some time, but recently we have seen improved sentiment and the signs seem to indicate that this may be the beginning of a turnaround. The Royal Institution of Chartered Surveyors (RICS) agreed that all the evidence pointed towards renewed activity and trade. RICS Wales housing spokesman, Tony Filice, said: Over the last 18 months, first-time buyers have been renting and seen what its like to be a tenant. He added: Now with the prospect of being able to get cheaper-rate mortgages, they are coming into the market and hopefully they will carry on if the Government continues its input with initiatives. The Council of Mortgage Lenders (CML) sounded a more cautious note, however, and a spokesman said that first-time buyers were still struggling in a very tough environment. Wales has suffered its worst week of the recession yet, with nearly 900 jobs being axed in manufacturing and the demise of another high street chain. Sarah Miloudi reports on the countrys battered economy WHENit came, the news wasnt surprising, but nevertheless, its effect was devastating. On Friday, bosses at the Hoover man- ufacturing plant in Merthyr Tydfil con- firmed the iconic site would close on March 14, ending about 60 years of pro- duction at the South Wales factory and with the loss of 337 jobs. The countrys battered economy suffered a second blow the same day, when, lateonFridayevening, ladies cloth- ing chain Principles announced it had slipped into administration. Administrators Deloitte announced they had failed to secure a buyer for the firms 66 beleaguered stores. It prompted fears the vast majority of its 2,300 jobs would be lost, and concerns about its remaining concessions. Just 24 hours later, Principles only Welsh outlet, in Queen Street, Cardiff, shut its doors at 4.30pm yesterday, when staff chose to speak of their shock at such a sudden death knell sounding for the store. One worker, who was too fearful for her futuretobenamed, toldWales onSunday: The store closedat 4.30pm. That is it, for good. I was told on Friday at 5pm. Sources expect department store Debenhams to take on the stock of the 24-year-old firm, however Lee Manning, of Deloitte, saidasignificantnumber of redundancies couldstill be expectedover the next few weeks. Retailers in South Wales biggest cities said they felt completely in the dark about howto halt the crisis crushing their sector. And there was little confidence that Thursdays interest rate cut and the de- cisionto print 75bninnewmoney would do much good. KenEllis, chairmanof Newports Cham- ber of Trade, said: Thesituationdoes not look good and I dont know what can be done, either regionally or nationally. ThemeasurebytheGovernment tocut VAT had no impact, given the cost re- tailers faced when implementing the price changes, and there is only so much stores can cut their prices. I dont think Gordon Browns attempts this week will help either. Theres talk they will help the housing market but until lending frees up, people dont want to buy homes and dont want to buy anything to put in them that goes for furniture, bedsheets and clothes. But David Rosser, head of the CBI in Wales, said the move to pump 75bn of fresh cash into Britains ailing financial system should come as a comfort to busi- nesses muted by economic downturn. He said: This quickanddecisive action will reassure businesses. With interest rates already at very low levels and their impact on economic activity dumbed by the credit crunch, the Bank needs to use other tools to support economic activity and mitigate the risk of the start of a deflationary spiral. But for many firms, the move has come too late to prevent their closure. This year alone, the credit crunch has forced shoe chains Barratts and Priceless into administration, withthe loss of about 2,500 jobs, while music and DVD retailer Zavvi has axedmorethan75%of its 3,415 workforce. Other casualties include pho- tographic chainJessops, whichlast month announced the likely closure of its British stores, and the troubled Land of Leather group, which a month after Christmas revealed it would shut 33 stores and possibly cull 95 jobs in Britain and Ire- land. This week, themanufacturingworldwas rocked by the confirmed closure of Hoover, as well as two major Valleys factories. Aluminium sheet mill Novelis in Ro- gerstone, near Newport, announced it wouldcease productioninApril andshed 440 jobs. Bosses at the Japanese-owned Musashi Auto Parts revealed its Black- wood operation was to stop, terminating 124 employee contracts. The news prompted Wales TUC, the umbrella body that represents nearly half a million workers, to call on the Gov- ernment to create a new wave of green collar jobs to boost the countrys eco- nomy. Martin Mansfield, Wales TUCs general secretary, said: Wales has been the earli- est andhardest hit of theUKcountries by the global downturn. The Wales TUC has long called for better support for Welsh manufacturing andwe have beenprovedright that this is needed. The Welsh Assembly Government should be congratulated for acting on many of the proposals put forward but more needs to be done at all levels. Over-reliance on the City of Londons financial sector and too little focus on wealth creating manufacturing has been shown up as a mistake. It is vital for thefutureof Wales that we have a strong and productive manufac- turing sector. The Government must invest in the skills and technologies needed to deliver a low-carbon economy with new, quality green collar jobs in manufac- turing. Since the credit crunch took hold in Wales, the Assembly Government has introduced a number of initiatives to strengthen industries. Aspokesman said: The Assembly Gov- ernment has takenswift actiontosupport manufacturingaswell asothersectorsof the Welsh economy. It is working in close partnership with trade unions and the public and private sectors to implement a whole raft of measures to support Wales through the recession. AWEEK WED RATHER FORGET Welsh housing market shows signs of recovery RECESSION VICTIMS: Two of the latest casualties, fashion store Principles, left, and the Hoover, Merthyr A 60-year-old piece of Merthyr's proud industrial heritage will close for good this week. Workers at the town's iconic Hoover factory were told on Friday they were out of a job. The company said their 90-day consultation period had ended and manufacture in Merthyr will cease on March 14. Yesterday, on the streets of the former mining town, its residents were comparing the impact of the Hoover demise to the pit closures. Carol Richards, 61, a housewife, and her friend Marilyn Hotchkiss, also 61, a carer and house- wife, discussed it over a cup of coffee. "Where are they going to get another job? asked Carol. "Years ago people would have a job for life. These used to be mining villages and people here are depressed; it's almost like when the mines closed. Little by little we are being stripped of everything we have here. Kayleigh Jones, 16, is a student at Merthyr College living with her parents. Her dad will lose his job, along with 336 other Hoover workers. "He has worked there for 22 years, she said. "Everyone was saying about it last week and he went down to find out for sure. "My mumworks in a care home so at least we still have some money coming in. MalcolmFear, 61, a market stall owner, has lived in Merthyr all his life. "t's affecting everyone a hell of a lot, he said. " used to work at that factory; there used to be well over a thousand people there. don't know what they will do now. SHUTDOWNOF HOOVERINMERTHYRIS LIKE WHENTHE MINES CLOSED SHUTTING UP SHOP: Principles in Cardiff, on the clothing chain's last day of trading PICTURES: PATRICKOLNER