HR GO Exectec News
Manufacturing Forecasts Indicate a Long Road to Recovery
According to the latest report by the Engineering Employers Federation (EEF), Britain’s manufacturers will face a long slow haul to recovery. The Economic Prospects 2010 report forecasts manufacturing will grow by 1.2% in 2010 before picking up to 3.4% on 2011.
Scrappage Boosts UK Car Sales
New car sales have recorded the biggest increase in October which were boosted by the scrappage scheme. The Society of Motor Manufacturers and Traders (SMMT) said new cars registered were up by 31.6% based on the same period last year. The “cash for bangers” scheme had accounted for more than 20% of new car sales.
Manufacturers Realise Opportunities from Low Carbon Energy
Low-carbon initiatives could represent a significant opportunity for the manufacturing industry according to the EEF, Engineering Employers Federation. Low-carbon products and services in the UK amount to more than £100bn a year, this is expected to grow by 5% each year to reach £150bn by 2015. The EEF has launched a programme of events to help manufacturing companies capitalise on these emerging opportunities. The programme will cover funding sources and the challenges in the low-carbon agenda, these will be presented to member companies through seminars and workshops.