Scottish executive accused of deserting Diageo
Alex Salmond this evening stands accused of failing Scottish workers at the Diageo bottling plant in Ayrshire which is closing with the loss of 700 jobs. After launching a scathing attack on the management of Diageo, during which Alex Salmond claimed his government had not been informed of the move despite holding seven meetings with the company this year, he has attracted a ferocious response from the directors and management of Diageo.
The company claims that despite finding out about these substantial job losses earlier this week the authorities have done nothing to try and influence the situation which could see 700 jobs lost. However it now seems as though the Scottish executive is looking to become more involved with a meeting planned with Diageo in the short term. This is not the first time that Diageo has threatened to move bottling operations away from Scotland, with a similar plan avoided 10 years ago prior to the creation of the Scottish executive.
This particular move by Diageo comes at a time when the Scottish economy is suffering more than any in the UK amid signs that a recovery in some way off and could be significantly slower than in other parts of the UK.
Share this..
Related stories
FSA refuses call for Icelandic investment inquiry
The FSA (Financial Services Authority) has refused to sanction an enquiry into Treasury management advisors who were heavily involved in the investment of up to £1 billion in Icelandic banks. There is a feeling that these "unregulated" advisers should be called to account for their part in the disastrous investment which has cost the UK government and the UK taxpayer hundreds of millions of poun...
Read MoreIs the immigration issue is set to explode in UK?
As unemployment continues to creep higher and higher there are serious concerns growing in government circles that the issue of immigration is set to dominate the headlines in the weeks and months to come. Many believe that the current government is set to pay the price for a very slack and lacklustre immigration policy which has seen the UK attract millions of workers from overseas.
...
Tesco sets its sights on the financial sector
After reporting pre-tax profits of £1.42 billion for the six months to August 29, only fractionally up on last year's figure, Tesco has revealed plans to attack the UK financial sector and in particular the UK banking industry. Hot on the heels of a decision by the competition commission to block many new store applications and expansion plans, it would seem as though leading UK supermarkets are...
Read MoreUK government in fight for Vauxhall survival
As we covered yesterday, General Motors is literally fighting for its life with the US government insisting upon a breakup of the international vehicle manufacturer. The situation has become very complicated over last few weeks amid signs that the German government, where 50% of GM Europe is based, has taken control of talks. While Lord Mandelson has claimed he is working with the German authoriti...
Read MoreStock markets concerned about immediate future of UK economy
The reaction to the 1.5% base rate reduction has been very mixed in the UK financial world with some investors happy to see the rate falls to the lowest for more than 50 years and others more concerned about the underlying reasons for the surprise drop. In many ways the surprise 1.5% fall has caused more concern than it has given comfort to markets around the world and in the UK. If the UK economy...
Read More