This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/northern_ireland/7547053.stm
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
Version 0 | Version 1 |
---|---|
Hundreds of quarry jobs 'at risk' | Hundreds of quarry jobs 'at risk' |
(about 1 hour later) | |
Quarry businesses could shed up to 700 jobs in NI this year because of the economic downturn, it has been claimed. | |
The Quarry Products Association, whose members supply materials to builders, said 300 jobs had gone since the beginning of the year. | |
Its regional director Gordon Best said it was the worst situation faced by the industry in over 25 years. | |
"With no end in sight to the credit crunch and high energy costs, the short to medium future looks grim," he said. | "With no end in sight to the credit crunch and high energy costs, the short to medium future looks grim," he said. |
"The stark reality is that in a core, capital intensive industry like ours where you have a rapidly declining customer base and sales, together with rapidly increasing raw material and energy costs, then jobs go and companies go out of business. | "The stark reality is that in a core, capital intensive industry like ours where you have a rapidly declining customer base and sales, together with rapidly increasing raw material and energy costs, then jobs go and companies go out of business. |
"In the past nine months, the industry has experienced a drop in business of over 30% together with an increase in production energy costs of 86% with transport costs increasing by 46%." | "In the past nine months, the industry has experienced a drop in business of over 30% together with an increase in production energy costs of 86% with transport costs increasing by 46%." |
Mr Best called on the executive to consider "fast tracking" a number of the major infrastructure projects within the Northern Ireland Investment Strategy. | |
He also urged politicians to work with banks to protect companies from insolvency. | He also urged politicians to work with banks to protect companies from insolvency. |
Previous version
1
Next version