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Credit crunchYou are in: Wear > Credit crunch > Taking the Pulse Day  Staff cuts have been made at Nissan Taking the Pulse DayBy BBC Look North's Ian Reeve Britain has officially been in recession for six months, but how is it affecting the day-to-day existence of local businesses? On "Taking the Pulse Day" the BBC is taking a look at whether there is light at the end of the tunnel. It's been no great surprise that the recession in the north-east of England has been characterised by job losses. A downturn sees jobs go, companies either taking an opportunity to trim costs, or having to make redundancies to stay in business. But what has been surprising is the calibre of the companies making those cuts. Nissan in Sunderland - with the most productive car plant in Europe - let 1,200 workers go. The chemical sector on Teesside is in disarray with Dow and Croda closing plants at Wilton - the biggest chemical site in Europe. More could follow.  Corus steelworkers march for jobs Steelmaker Corus, also on Teesside, looks likely to mothball its blast furnace, ending nearly 170 years of steelmaking in the area, as well as losing 2,000 workers. Reputation, history and skills have been no protection in this recession. last updated: 15/07/2009 at 10:31 SEE ALSOYou are in: Wear > Credit crunch > Taking the Pulse Day |
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