1324748
Impact of Globalisation on Employment in Northern Ireland
- Dis-advantages of Globalisation
- Some services have been
outsourced to cheaper countries
where labour is cheaper
- These jobs are no longer done by local workers
- These jobs are no longer done by local workers
- There has been a decline in
manufacturing-e.g Desmonds clothing
factory- as local businesses have
relocated to lower cost economies
- Many of these people
have had to retrain.
- This has resulted in loss of jobs in NI economy
- Many of these people
have had to retrain.
- Brain drain -many of our highly skilled and
educated workforce leave NI to seek better
employment opportunities and lifestyles abroad
- This can result in skill shortages in industries
that are very important to our economy and
where it is difficult to find workers
- It is expensive and inefficient to educate
and train people to leave
- This can result in skill shortages in industries
that are very important to our economy and
where it is difficult to find workers
- Some services have been
outsourced to cheaper countries
where labour is cheaper
- Advantages of globalisation
- NI has seen a growth in services
provided by foreign companies who have invested here
- Examples- starbucks, victoria square and nandos
- This has created local jobs
- Examples- starbucks, victoria square and nandos
- Foreign multinationals have set up here and created jobs e.g-HSBC banking
- Shortage of skilled labour in critical areas has resulted in inward
migration of labour especially Europe these services can now be
provided
- To remain competitve many businesses are
employing temporary staff because they are entitled to fewer benefits
- This is less costly for firms
- Staff can be let go when not needed
- This is less costly for firms
- NI has seen a growth in services
provided by foreign companies who have invested here
- Some businesses now employ home
workers and tele workers who are able to
work from home because of improvements in technology
- Overheads for businesses are reduced because
they do not have to pay high rents, lighting, heating etc
- Overheads for businesses are reduced because
they do not have to pay high rents, lighting, heating etc
- Some NI companies have grown and survived because of
being able to supply products abroad e.g wright group Ballymena
- This means continued employment of local
people-wright group won contract to supply 200
buses to HongKong
- This means continued employment of local
people-wright group won contract to supply 200
buses to HongKong
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