Tuesday, 20 July 2010

Double Dip

Sure signals of a double dip recession occurring as local people are set to lose their jobs at Ingersoll Rand who operate a security technology business in Irlam. The corporation is massive, real global player with 40,000 employees worldwide and a business worth £11billion, although their Irlam plant is very small. I guess the irony is that security needs tend to increase as people lose their jobs, with a clear statistical relationship between rises in unemployment and increased property crime.

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