Latest job losses announced in the constituency.
150 car jobs axed in local company
The loss of 150 jobs axed at RSM Industries follows the loss of 600 jobs at Dawn Mill colliery near Arley and 240 jobs at Greenwood Communications of Coleshill and increases the difficulties for workers in the North Warwickshire and Bedworth constituency.
RSM Industries in School Lane Exhall supplied metal pressings, assemblies and tube manipulated components for the car industry. After the loss of a series of contracts, it has cut 150 staff.
Labour’s Mike O’Brien said,
"150 jobs have been lost just before Christmas and it will affect many local families and will have a knock on effect on local shops and other businesses. Daw Mill Miners and former Greenwood Communications employees know how difficult things are at the moment. They don’t need complacent politicians to tell them things are getting better. For most people, it doesn’t feel like that.
“The truth is that recovery is patchy, focused in the South East and the wealthy are getting richer, but there remains a real squeeze on the standard of living of middle income and working families.
‘With increases in VAT since 2010, rising energy and other prices and several years of little or no pay increase the income of working families has fallen by an average of over £1,600 a year.
For the last three years the economy has scrapped along the bottom and is only just picking up. It will take time to feed through.
“In 2010 the cuts in government spending may have sounded like a good idea at the time but they crashed a recovering national economy. Many private sector companies rely on government spending and spending cuts meant lost business. The government is now trying to quickly boost the economy by building houses. But the recovery is uneven. So far it’s big business and consultants who seem to be benefiting.
“North Warwickshire and Bedworth constituency has weathered the storm because we restructured our local economy here after the collieries were closed in the 1990’s; we opened business parks which over the years creating more jobs than we lost. In the last nine months we have been hit by a series of damaging closures. I don’t doubt that we will recover from this but it will take time. Complacency about recovery by local MPs is ill founded. Local families have been battered and they need more help from the government to get through this.
“It’s wrong that the government’s first priority has been to give tax cuts to people earning over £150,000 a year. It’s ordinary people who need to help, not the wealthy.”