It says they’ll save 3000 jobs
£500,000,000 / 3000 = £166,666
Average salary in port talbot is £28,000
Why not give those 3000 people 100k each and save 200 million?
£500,000,000 / 3000 = £166,666
Average salary in port talbot is £28,000
Why not give those 3000 people 100k each and save 200 million?
So where’s the money going?
Presumably it will be used to subsidise costs to boost profits, pay landowners and owners of capital (eg trucks) rent, corporate bonuses etc.
But the headline just says the deal will save jobs and that that the government is doing it for the people.
Perhaps there is an upside for the public here, but when the government invests our money, they should lay out a clear business plan and communicate it responsibly to the public, instead of rhetoric and numbers that most people cannot comprehend
Should the government be in such investment business? And is this an investment? Or another bailout of sorts that'll ultimately benefit the shareholders? And upper management?
Half-a-billion is a significant amount of money.
It’s dressed up as mainly about the workers and going green because it’s good PR.
4 years salary without having to work a day is an incredible deal
And with the risk of sounding cynical, remember that we are talking about normal people where a majority that likely will not plan-ahead that much or save up for when the last day dawns. They realize they need to find work again.
Also remember that large industries or businesses tend to attract many small ones around it that depend on it, just like any eco system.
Then unemployment rate goes up, people get angry, shady politicians see opportunity to gain votes from disgruntled people... And everything goes * up.