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Lidl to create 5000 jobs despite Brexit |
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#1 |
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Join Date: Mar 2009
Location: cumbria
Posts: 975
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Lidl to create 5000 jobs despite Brexit
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#2 |
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Join Date: Mar 2015
Posts: 6,853
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I found the bit about Loyd's of London more interesting.
Before the referendum they said Brexit could force 34,000 commercial insurance jobs to be relocated overseas. Now they say relocating 50 jobs will enable them to maintain access to the single market after Brexit even if there is no UK EU deal. |
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#3 |
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Join Date: Dec 2011
Posts: 2,595
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German retailer uses the collapse in sterling to flood the UK market with cheap food and undercut British retailers.
More money being sucked out of the British economy...as spun by The Daily Fail. |
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#4 |
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Join Date: Dec 2011
Posts: 2,595
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Quote:
I found the bit about Loyd's of London more interesting.
Before the referendum they said Brexit could force 34,000 commercial insurance jobs to be relocated overseas. Now they say relocating 50 jobs will enable them to maintain access to the single market after Brexit even if there is no UK EU deal. The 50 jobs relate to Lloyds of London only. The 34,000 estimate relates to the whole insurance market. Inga Beale, Lloyd’s chief executive said: "The loss of these rights could be devastating to the City of London as nearly 5,500 firms registered in the UK use passporting rights to operate in other countries." 5,500 firms setting up satellite offices in Europe to retain passporting rights. If each, like Lloyds more 50 jobs each to Europe, this is 275,000 jobs moved from the UK to Europe. Given the size of Lloyds of London, using very conservative figures, say only 50% of businesses move an average of 20 jobs each to Europe. This is still 55,000 jobs lost to Europe. |
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#5 |
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Join Date: Mar 2015
Posts: 6,853
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Quote:
German retailer uses the collapse in sterling to flood the UK market with cheap food and undercut British retailers.
More money being sucked out of the British economy...as spun by The Daily Fail. UK workers will benefit from more jobs and higher pay, Lidl pays higher wages to its shop workers. UK companies will suffer from more competition, lower profits, loss of market share. The UK balance of trade suffers from a foreign company exporting its profits, which helps keep the value of the £ low, and the UK competitive. Who should the UK economy be run for the benefit of UK consumers and workers or UK companies with vested interests and the value of the £ to benefit those with money. |
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#6 |
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Forum Member
Join Date: Mar 2015
Posts: 6,853
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Quote:
More Daily Fail spin.
The 50 jobs relate to Lloyds of London only. The 34,000 estimate relates to the whole insurance market. Inga Beale, Lloyd’s chief executive said: "The loss of these rights could be devastating to the City of London as nearly 5,500 firms registered in the UK use passporting rights to operate in other countries." 5,500 firms setting up satellite offices in Europe to retain passporting rights. If each, like Lloyds more 50 jobs each to Europe, this is 275,000 jobs moved from the UK to Europe. Given the size of Lloyds of London, using very conservative figures, say only 50% of businesses move an average of 20 jobs each to Europe. This is still 55,000 jobs lost to Europe. |
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#7 |
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Join Date: Apr 2009
Posts: 8,080
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You can create as many jobs as you want when they're zero hour. Its not a risk.
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#8 |
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Join Date: Mar 2015
Posts: 6,853
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Quote:
You can create as many jobs as you want when they're zero hour. Its not a risk.
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#9 |
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Join Date: Aug 2010
Posts: 12,914
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Germany company not worried about Brexit.
Score for Brexit !! I love the battle between some members at posting negative VS positive news..
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#10 |
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Forum Member
Join Date: Apr 2009
Posts: 8,080
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Quote:
Lidl does not employ anyone in the UK on zero hour contracts.
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#11 |
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Join Date: Jul 2012
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Well a quick search on Indeed gave the impression of no guaranteed hours but either way its still part time, which means you're likely to still need benefits and you're expected to be flexible which means their is a good chance you wont be able to get a second job to make up the hours.
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#12 |
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Join Date: Sep 2003
Location: Devon
Posts: 48,023
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Surely post Brexit Lidl will be upping sticks and heading home to the EU.
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#13 |
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Join Date: Apr 2009
Location: Leafy London
Posts: 20,385
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Quote:
German retailer uses the collapse in sterling to flood the UK market with cheap food and undercut British retailers.
More money being sucked out of the British economy...as spun by The Daily Fail. My biggest market is shopfitting manufacturers, of which there are still many in the country. The discounters spend SFA on their shops, so with their profits exported, they don't benefit the country. |
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#14 |
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Join Date: Apr 2009
Location: Leafy London
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Quote:
Surely post Brexit Lidl will be upping sticks and heading home to the EU.
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#15 |
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Join Date: May 2010
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Quote:
Surely post Brexit Lidl will be upping sticks and heading home to the EU.
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#16 |
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Join Date: Jan 2007
Posts: 40,798
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LIDL have just bought our local co op . closing it and making all the dozens of workers redundant just before xmas and have no intention of opening any kind of store for about 2 years,( I reckon eventually they will sell it on for housing) so our small town suffers joblessness and the loss of our supermarket in one fell swoop
I HATE LIDL for what thy have done.They do not seem to care about local people at all. |
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#17 |
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Join Date: Apr 2009
Posts: 8,080
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Quote:
Not all the jobs in that level of expansion will be starter or bottom tier. You need managers, back office experts etc, so that's more skilled people and promotion for some.
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#18 |
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Join Date: May 2010
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Quote:
LIDL have just bought our local co op . closing it and making all the dozens of workers redundant just before xmas and have no intention of opening any kind of store for about 2 years,( I reckon eventually they will sell it on for housing) so our small town suffers joblessness and the loss of our supermarket in one fell swoop
I HATE LIDL for what thy have done.They do not seem to care about local people at all. |
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#19 |
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Join Date: Sep 2003
Location: Devon
Posts: 48,023
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Nah, they're the standard all over Eastern Europe, and they know we'll be at the same level in a few years. Waitrose will survive, but the mid range like Sainsburys and Tesco are going to find it very tough.
Lidl have far more stores in western than eastern Europe. Outside Germany France has the next highest number of Lidl stores. |
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#20 |
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Forum Member
Join Date: Dec 2008
Posts: 8,035
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Quote:
UK consumers will benefit from more competition between retailers and cheaper food.
Quote:
UK workers will benefit from more jobs and higher pay, Lidl pays higher wages to its shop workers.
not necesarily. if lidl take trade away from other businesses it may result in job losses overallQuote:
UK companies will suffer from more competition, lower profits, loss of market share.
and therefore potentially job losses, less income to HMRC and more money paid out in benefitsQuote:
The UK balance of trade suffers from a foreign company exporting its profits, which helps keep the value of the £ low, and the UK competitive.
but not necesarily an overall benefit to the UKQuote:
Who should the UK economy be run for the benefit of UK consumers and workers or UK companies with vested interests and the value of the £ to benefit those with money. |
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#21 |
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Forum Member
Join Date: Jan 2007
Posts: 40,798
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Quote:
You cannot buy what isn't for sell. I assume you hate co op just as much?
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#22 |
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Forum Member
Join Date: Dec 2008
Posts: 8,035
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Quote:
Not all the jobs in that level of expansion will be starter or bottom tier. You need managers, back office experts etc, so that's more skilled people and promotion for some.
as for "managers" and "skilled people", you obviously don't spend much time in supermarkets |
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#23 |
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Forum Member
Join Date: Mar 2007
Location: Gtr Manchester UK
Posts: 7,951
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I use, and like, Lidl a lot. Plusses and minuses, wish they had as good a dairy selection (cakes, pasties etc) as Morrisons, but there's plenty of good stuff AND they don't play crappy crap musak at you. So having more staff is something I look forward to.
However there's no denying it's the cheap end of the market (no disgrace in that) and mor of them could put the Morrison's and Asda's in trouble - there's ony so much money to go round and it could simply shift from one shop to another. So for the good news of more jobs...ultimately fewer elsewhere? And if Brexit does bite, won't more flock tot he cheaper shops? |
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#24 |
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Forum Member
Join Date: Mar 2015
Posts: 6,853
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Quote:
Well a quick search on Indeed gave the impression of no guaranteed hours but either way its still part time, which means you're likely to still need benefits and you're expected to be flexible which means their is a good chance you wont be able to get a second job to make up the hours.
Many people choose to work part time, probably the hours they need to claim in work benefits. Lidl do not employ anyone in the UK on zero hour contracts. Lidl pay a minimum of £8.20 an hour in England, Wales, Scotland. £9.35 an hour London. Lidl also gives its employees a 10% discount on their shopping. As far as supermarket chains go they do not appear to be a bad employer. Tesco by comparison employs lots of people on 8 hour contracts plus when needed, lower rates of pay £7.24 an hour, and 10% employee discount on their shopping. |
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#25 |
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Forum Member
Join Date: Apr 2009
Posts: 8,080
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Mark_Jones Quote:
Lidl offer various full and part-time employment to suit people's work life balance.
Sorry but i've seen the reality of that in retail and if you aren't flexible enough you don't keep your job.Quote:
Many people choose to work part time, probably the hours they need to claim in work benefits.
And many people in retail would like more guaranteed hours but can't get them because companies get more tax incentives for creating part time jobs.Quote:
Lidl do not employ anyone in the UK on zero hour contracts. From some of the reviews, i'd say "appears to be" is about right.Lidl pay a minimum of £8.20 an hour in England, Wales, Scotland. £9.35 an hour London. Lidl also gives its employees a 10% discount on their shopping. As far as supermarket chains go they do not appear to be a bad employer. Quote:
Tesco by comparison employs lots of people on 8 hour contracts plus when needed, lower rates of pay £7.24 an hour, and 10% employee discount on their shopping.
I never said any supermarket was good in that respect, although i have friends and relatives who have a high opinion of Sainsburys.
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I HATE LIDL for what thy have done.