Saturday, 17 October 2015

Work situation

The work situation for many people, especially working in the oil industry, has changed dramatically over the last year. Although the downturn started with the oil industry, it has had a knock on affect on many other businesses.
The number of unemployed people has gone up by 65% (!!) from the same time last year.
Actually, it has not been worse since 2005.

So it is good to see, like here, that some companies are optimistic and believe that the situation will be better in the foreseeable future. In this case, an oil related company that despite cutting down, are also investing in a new building.

Let us hope for the best!


William Kendall said...

The same has happened here in parts of the country very closely tied to the oil industry.

Mark said...

Bold move considering.

Unknown said...

The world is changing fast. For worst, I would say. Unemployment is a major problem here.

Kate said...

Sometimes it is hard to stay ahead of economic downturns!