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20,000 jobs 'could go in 2009' 20,000 jobs 'could go in 2009'
(about 8 hours later)
The employment minister has said 20,000 jobs could be lost in Northern Ireland over the course of 2009.The employment minister has said 20,000 jobs could be lost in Northern Ireland over the course of 2009.
Sir Reg Empey said that governments across Europe have been underestimating the impact the credit crunch is having so far.Sir Reg Empey said that governments across Europe have been underestimating the impact the credit crunch is having so far.
He says he expects the number of unemployed to reach as many as 50,000 by 2010.He says he expects the number of unemployed to reach as many as 50,000 by 2010.
"Last year, we were were in low twenty thousands in terms of unemployment, I think that could double," said Sir Reg. "Last year, we were in low twenty thousands in terms of unemployment, I think that could double," said Sir Reg.
The UUP leader also said that he and the first and deputy first ministers are seeking a meeting with the Prime Minister to press him to think again about providing support for those who have lost savings in the Presbyterian Mutual society.The UUP leader also said that he and the first and deputy first ministers are seeking a meeting with the Prime Minister to press him to think again about providing support for those who have lost savings in the Presbyterian Mutual society.
Sir Reg pointed out that money belonging to other savers, even in offshore institutions, had been guaranteed and said the Executive was appealing to Gordon Brown's "sense of compassion".Sir Reg pointed out that money belonging to other savers, even in offshore institutions, had been guaranteed and said the Executive was appealing to Gordon Brown's "sense of compassion".