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Negative Multiplier Effect Negative Multiplier Effect: Full story from -

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Presentation on theme: "Negative Multiplier Effect Negative Multiplier Effect: Full story from -"— Presentation transcript:

1 Negative Multiplier Effect Negative Multiplier Effect: Full story from - Hundreds of motor firm jobs shed One of Blaenau Gwent's biggest employers has announced that it is shedding up to 350 jobs - in addition to 70 cuts already announced. Continental Teves which makes brake calipers for the motor industry is switching production to Slovakia. Monday, 15 May 2006 Around 500 people work at the Ebbw Vale plant

2 Negative Multiplier Effect 500 well paid jobs lost

3 Negative Multiplier Effect 500 well paid jobs lost Redundant workers have less money to spend

4 Negative Multiplier Effect 500 well paid jobs lost Redundant workers have less money to spend Local shops and services (e.g. cinemas) lose trade and may close too

5 Negative Multiplier Effect 500 well paid jobs lost Redundant workers have less money to spend Local shops and services (e.g. cinemas) lose trade and may close too Even less money spent in local area – more shops close

6 Negative Multiplier Effect 500 well paid jobs lost Redundant workers have less money to spend Local shops and services (e.g. cinemas) lose trade and may close too Even less money spent in local area – more shops close People decide to move to find work

7 Negative Multiplier Effect 500 well paid jobs lost Redundant workers have less money to spend Local shops and services (e.g. cinemas) lose trade and may close too Even less money spent in local area – more shops close People decide to move to find work Flood of houses for sale in area

8 Negative Multiplier Effect 500 well paid jobs lost Redundant workers have less money to spend Local shops and services (e.g. cinemas) lose trade and may close too Even less money spent in local area – more shops close People decide to move to find work Flood of houses for sale in area Houses prices fall. No-one buying.

9 Negative Multiplier Effect 500 well paid jobs lost Redundant workers have less money to spend Local shops and services (e.g. cinemas) lose trade and may close too Even less money spent in local area – more shops close People decide to move to find work Flood of houses for sale in area Houses prices fall. No-one buying. People short of money -with nothing to do.

10 Negative Multiplier Effect 500 well paid jobs lost Redundant workers have less money to spend Local shops and services (e.g. cinemas) lose trade and may close too Even less money spent in local area – more shops close People decide to move to find work Flood of houses for sale in area Houses prices fall. No-one buying. People short of money -with nothing to do. Rise in crime and antisocial behaviour e.g. graffiti

11 Negative Multiplier Effect 500 well paid jobs lost Redundant workers have less money to spend Local shops and services (e.g. cinemas) lose trade and may close too Even less money spent in local area – more shops close People decide to move to find work Flood of houses for sale in area People short of money -with nothing to do. Rise in crime and antisocial behaviour e.g graffiti Area seen as unattractive with problems Houses prices fall. No-one buying.


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