oakley sale 5 Million Jobs in 2009The

5 Million Jobs in 2009

The EU executive’s new monthly survey, the first of which was published on Tuesday, February 17, indicates that joblessness is becoming an increasingly serious problem for the 27 member bloc.

“Announced job losses now far outweigh those relating to job creation,” the report said, adding that “further deterioration is foreseenwith overall employment contracting by 1.6 percent, or some 3.5 million jobs.”

The metalworking, automotive, financial and logistics industries were expected to be among the hardest hit sectors, with the retail sector being one of the few positive areas.

And the report also said that unemployment would likely continue to rise in 2010. Previous economic forecasts had predicted that the bloc’s economy would begin to recover slightly that year after staying in recession in 2009.

But the EU now thinks that around a half a million jobs will be lost across the bloc in 2010.

The study said job markets would shrink in all big European economies with Ireland, Spain and the Baltic nations the worst hit.

For example, there has been a testy exchange between representatives of Limerick and Lodz, after the computer company Dell decided to move its European manufacturing headquarters from Ireland to Poland. An estimated 1,900 of 3,000 jobs will be lost at Dell’s Limerick plant, as the company attempts to take advantage of lower wage costs in Eastern Europe.

“I am very, very bitter about this,” Limerick mayor John Gilligan told Reuters news agency, adding that Lodz’s gains could be short lived since a r oakley sale ise in Polish prosperity and wages might lead the company to pack their bags again.

“We are aware that Dell moved here from somewhere else, and they could leave Lodz one day, just as they have left Limerick,” Marek Cieslak president of the board of Lodz special economic zone which offers tax incentives to foreign investors said in an interview with Reuters.

The European Commission is currently investigating 52.7 million euros ($68 million) in aid provided by Poland to Dell. And that i oakley sale s by no means the only case that has pitted EU member states against one another in the race to save jobs.

France has drawn heavy cri oakley sale ticism from fellow EU members for making its recent state aid package to the French automotive industry contingent on the companies agree oakley sale ing not to move French jobs elsewhere in the bloc.

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