The changing face of manufacturing in the UK

September 2008
Management Services;Autumn2008, Vol. 52 Issue 3, p11
Academic Journal
This article discusses the state of the manufacturing sector in Great Britain in 2008. According to the article, the sector continues to decline and the subsequent loss of exports has not been replaced by revenue from the service sector as the government had originally thought. It observes that the ownership of British companies by foreigners is increasing and companies are continuing to relocate some of their labor intensive operations to low cost economies. It adds that cost of compensating employees who are made redundant when a company in the country closes is one of the lowest in the European Union.


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