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Monday, January 19, 2009

CAPITALISM IN ACTION

" ...Limerick, Ireland's third city where on the Raheen Industrial Estate in the southern suburbs, the computer giant Dell has a large manufacturing plant employing 3,000 people. On Thursday 8 January, those employees discovered that 1,900 of them would be made redundant over the next twelve months. Dell is switching manufacture from Limerick to Poland, where wages are about two-thirds lower than in Ireland. According to the Irish Times, local business leaders estimate that the knock-on effects on companies that rely on Dell for work could see `in the region of 7,000 to 10,000` further jobs at risk, threatening to send the local economy `into meltdown`"
(Observer, 18 January) RD

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