Implications of currency changes


exchangeOne of the suppliers that we work with on a weekly and often daily basis is US owned and its European HQ is in the Netherlands. A visit this morning has revealed that as a result of currency changes between the dollar and sterling and the Euro, staff have been laid off in both the UK and Holland. The number of people affected is small, the impact on the individuals affected is huge. What a bad set of news for these people. All because of currency changes which have no doubt allowed other unseen people to create a lot of wealth for themselves!

Advertisements

About ianchisnall

I have a passion to see public policy made accessible everyone who want to improve the wellbeing of their communities. I am interested in issues related to crime and policing as well as in policies on health services and strategic planning.
This entry was posted in Economics, Parliament and Democracy and tagged , . Bookmark the permalink.

2 Responses to Implications of currency changes

  1. Ming says:

    But maybe the company had layoffs in mind already and were just looking for a reason to implement them.

    • ianchisnall says:

      In this particular case they were made after a great deal of soul searching and where not simply using the currency changes as an exchange. However it is a good point. I trust you are well Ming, have a great day!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s