Blog
Unit 2 Macro: Unemployment Rises as Hovis Factory Closes
21st November 2012
Premier Foods is the UK's largest food manufacturer but in November 2012 they have announced the closure of two large bakeries that have - for many years - produced Hovis bread for supermarkets. The closure of the factories follows the loss of its £75m-a-year contract with Co-operative supermarkets. Hundreds of jobs are set to be lost in the spring of 2013 with damaging consequences for the local economy. What types of unemployment can you associate with these factory closures? What measures might be appropriate in addressing the extra unemployment problem that will result?BBC news: Hovis shuts bakeries - click hereHovis bakery worker devastated - click here
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.