1. Amid Aging Smokestacks, Job Creation.
- Author
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Pfanner, Eric
- Subjects
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UNEMPLOYMENT , *EMPLOYMENT , *UNSKILLED labor , *LABOR costs , *LABOR supply , *SKILLED labor training , *HIGH technology industries personnel , *TWENTY-first century , *ECONOMIC history , *ECONOMIC policy - Abstract
Reports on the closing of the Hydro Aluminum Motorcast factory in Leeds, England and how the loss of jobs did not hurt a city prepared. Decision of the parent company, Norsk Hydro, to move the unskilled jobs to Hungary to take advantage of the cheaper costs; How the city of Leeds acted proactively to keep unemployment rates low; Decision to create jobs when it recognized that industrial plants would be moving to Eastern European countries; Creation of 10,000 information technology jobs since the mid-1990s; Suggestion that the rest of Europe could use Leeds as a model to ease unemployment.
- Published
- 2004