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| Version 1 | Version 2 |
|---|---|
| Economic summit over job losses | Economic summit over job losses |
| (about 10 hours later) | |
| A council has held its own economic summit in a bid to find local solutions to global economic problems. | |
| Anglesey Council leaders were joined by politicians and the business community for a "frank discussion" at the private event. | |
| The future of Anglesey Aluminium, with 500 jobs, was on the agenda, a week after it announced plans to shut its smelting plant in September. | |
| A total of 265 jobs are set to go with the closure of electronics plant Eaton. | A total of 265 jobs are set to go with the closure of electronics plant Eaton. |
| The decision was announced earlier this month after a consultation period with workers at Holyhead. | The decision was announced earlier this month after a consultation period with workers at Holyhead. |
| Eaton Electric makes miniature circuit breakers but plans to move work to eastern Europe, where costs are lower. | Eaton Electric makes miniature circuit breakers but plans to move work to eastern Europe, where costs are lower. |
| "Anglesey is certainly already feeling the brunt of the current global financial crisis," said Derrick Jones, the council's managing director, before the meeting. | |
| "Jobs, which we can scarcely afford to lose are vanishing and many people are facing severe hardship," he added. | "Jobs, which we can scarcely afford to lose are vanishing and many people are facing severe hardship," he added. |
| 'Frank discussion' | 'Frank discussion' |
| The aim of the summit was to have a "frank discussion on the main issues and concerns", he said. | The aim of the summit was to have a "frank discussion on the main issues and concerns", he said. |
| "I'll be seeking views on these matters and, ideally, solutions in terms of how, together, we can help improve the situation here on Anglesey," he added. | "I'll be seeking views on these matters and, ideally, solutions in terms of how, together, we can help improve the situation here on Anglesey," he added. |
| Representatives from the National Assembly, Confederation of British Industry (CBI), Federations of Small Businesses (FSB), and Citizens Advice Bureau (CAB) were also invited. | |
| The financial sector and many of the island's main employers will also attend. | The financial sector and many of the island's main employers will also attend. |
| Last week Anglesey Aluminium Metal (AAM), one of the area's biggest employers, said it will end smelting in Holyhead in September, unless it gets a new power deal. | Last week Anglesey Aluminium Metal (AAM), one of the area's biggest employers, said it will end smelting in Holyhead in September, unless it gets a new power deal. |
| Market downturn | Market downturn |
| The company relies on power from the nearby Wylfa nuclear station, which is due to close next year. | The company relies on power from the nearby Wylfa nuclear station, which is due to close next year. |
| It denied its decision was due to a market downturn. | It denied its decision was due to a market downturn. |
| Council leader, councillor Phil Fowlie, acknowledges there is no "quick fix" to the current economic problems. | Council leader, councillor Phil Fowlie, acknowledges there is no "quick fix" to the current economic problems. |
| "But I feel it is vital for us to get our heads together if we're to succeed in helping businesses, and the wider community, on Anglesey through this difficult time," he said. | "But I feel it is vital for us to get our heads together if we're to succeed in helping businesses, and the wider community, on Anglesey through this difficult time," he said. |