LMI Bulletin 24/08/2018 (Issue 381)

Produced by the LMI Team at Education Development Trust 

LMI Bulletin 24/08/2018 (Issue 381)

Job Gains & Losses

Plans are to be submitted for Northumberland's first whisky distillery. If successful, the distillery will be built on the former Redpath's Yard site in Wooler, opening in 2020 and creating 50 jobs. The first whisky would not appear until 2028 (there can't be many businesses that have to wait so long between opening and selling their first product).  (Insidermedia)

Barrier Ex, a lighting firm based in Wallsend have won an innovation grant which will allow it to develop new products and also increase its workforce, taking on 15 new individuals in research, development and manufacturing (The Chronicle).

Bells Fish Shop, based in County Durham, is set to expand following £1.5million of investment. Bells will open their fourth restaurant/takeaway at Finchale Road in Framwellgate Moor, creating 25 new jobs (Bdaily).

News

Employing prisoners and ex-offenders: case studies
Ministry of Justice and Unlock have produced a series of promotional materials highlighting the benefits of hiring prisoners and ex-offenders. There are various videos which could be used as aspirational and motivational tools when working with this customer group.

International Advanced Manufacturing Park (IAMP)
Phase One of the new site is underway. In numbers

  • The full three-phase development will span over 370 acres (= 200+ football pitches)
  • Support more than £400m of private sector investment and
  • Create over 7,000 jobs during the next 10 to 15 years

IAMP will occupy land located north of Nissan, straddling Sunderland and South Tyneside authority areas.

National Living Wage fails to cover families basic needs
A report from the Child Poverty Action Group says that a single parent on the National Living Wage is £74 a week short of the minimum income needed. A couple with two children would be £49 a week short of the income needed. The overall cost of a child (including rent and childcare) is £150,753 for a couple and £183,335 for a lone parent. The rates for the National Minimum Wage and National Living Wage are available here. The full Child Poverty Action Group report is available here.

Fourth Industrial Revolution
At a point when more people are in work than ever before (32,386,000 in the UK), it is hard to project forward to a  time where artificial intelligence has created large scale unemployment. The warning is from Andy Haldane, the Chief Economist of the Bank of England and Tabitha Goldstaub, chair of the newly formed Artificial Intelligence Council, who are saying that people will need to be skilled to deal with the fourth industrial revolution. Mr Haldane said that jobs that focused on skills of human interaction, face-to-face conversation and negotiation would be likely to flourish.

Bulletin date: 
Friday, August 24, 2018 - 12:00