The company, inevitably, blamed the cost saving moves on the slump in the construction sector as a consequence of the current financial turmoil.
"It's going to have a significant impact on the local economy, a knock-on impact for people, whether they work in the private sector or the public sector, as a consequence of removing at least 300 jobs from the local economy.
This could represent patients 'shifting' from the public to the private sector as a consequence of the treatment guarantee in combination with a nurses strike in the public sector from April to June 2008.
Because it is still male-dominated with no data or spotlight on the sector, and as a consequence not much change is happening with regard to diversity and inclusion, as used to be the case for FTSE boards".
Furthermore, there is the legacy of corporate debt and excess capacity in former lead sectors that resulted as a consequence of policies implemented to avoid a hard landing in the aftermath of the global financial crisis.
Low elasticity of substitution in the manufacturing sector implies that the marginal productivity of labor in that sector will decrease rapidly as a consequence of decapitalization; therefore, labor will shift to the tertiary sector.
Unlike in the formal sector, it is difficult to assess incomes and collect income taxes from workers employed in the informal sector [ 9] and, as a consequence, deduction of contributions for the NSHIF can be a challenge.
For example, in Uganda it has been observed that the health sector is unnecessarily neglected and as a consequence the Uganda health sector has been found to be in a very sorry state, unnecessarily [ 23– 25].
This would deal a further setback to the memory chip makers, which were already contending with excess supply in the sector and falling chip prices as a consequence.
A potentially unprecedented change in venture capital and in the funding of the science sector is on the cards as a consequence of today's economic climate and the austerity measures that are being introduced by many governments around the world, including the G7.
