This will only get worse
The crisis was caused by currency inflation, which distorts relative prices and interest rates and leads people to make bad investments.
The current plan to further inflate the currency will simply increase the size of the ultimate collapse
Since the start of October, thousands of jobs cuts have been announced across all sectors of the UK economy. Here is a roundup of the major losses so far and where they have occurred. By Jamie Dunkley Last Updated: 8:51AM GMT 16 Feb 2009
loss of 91,037 jobs in the past four months.
*February 16 - 850 jobs * Carmaker BMW cut 850 jobs at its Mini car plant near Oxford and scrapped all weekend shifts.
*February 12 - 1107 jobs* Skills Development Scotland, set up to help people deal with job losses, announced that it was making 160 staff redundant. Joseph Pickering and sons, a packaging company in Sheffield closed after
185 years - will the loss of 42 jobs. Oxford Instruments blamed a downturn in industrial markets for its decision to shut two overseas facilities and cut 230 jobs or 15pc of its work force. Iron maker Castings saw its shares tumble by 12pc, after announcing 350 jobs had been cut and warning of more to come if conditions did not improve. Pioneer, the Japanese electronics group, announced it was closing its loss-making flat TV business and would axe 10,000 staff worldwide, with 220 jobs from its UK workforce. Plumbing group BSS said it expects to reduce its workforce 5pc below its peak levels of 5,000 workers However, it also expects to create 145 jobs - a net loss of 105 positions.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3542572/Financial-crisis-UK-job-losses.html
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