| Wear I duz wurk fings r gud rite now
(pretencious waffle follows)
Typically engineering (in my case electronics) is very sensitive to overall market fluctuations, but high technology in the media domain (ok yah daahrlings) is directly linked to advertising which took a huge hit over the last 3-4 years (remember the collapse of ITV digital?), this has recovered recently and has created a wave of investment in this sector (HDTV roll outs accross europe), but this is offset by some serious consolidations by some of the large players. BT, BSKYB, NTL and a number of large european Telco/broadcasters are laying off staff.
These firms don't want to be taken by suprise if the bubble bursts and they seem to think this is possible.
It's no suprise when you see that one of the largest employers in europe and one of the heaviest recruiters is the UK Gov. The public sector is squewing our economic health badly and this cannot continue (someone has to pay all of those salaries, and if the private sector is in trouble Tax revenues will go down, public spending hole anyone?).
The Gov is not certain of our economic health either, anyone heard that the Gov is unlikely to carry out its council tax banding reform?
Any way, time to take my pills...
Rich  |