News Thomas Molloy

Saturday 21 January 2017

Work is returning and we must be ready to grab it

Published 28/01/2014 | 02:30

Cathie Bennett, VP Global Public Affairs, Tyco International in Cork at the announcement of 500 jobs. Picture: Michael Mac Sweeney/Provision
Cathie Bennett, VP Global Public Affairs, Tyco International in Cork at the announcement of 500 jobs. Picture: Michael Mac Sweeney/Provision

IN Davos last week, British prime minister David Cameron gave a passionate speech about how his country could become the "re-shore nation" by bringing lost jobs back from overseas.

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The reasons are simple enough: rising fuel costs and higher salaries mean it is sometimes cheaper to make things in Europe while a shorter supply chain allows businesses to react more quickly to consumer demands.

Fashion group H&M is considering something similar as it struggles to compete with the short supply lines of rival Zara, which makes clothes in Spain.

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