Sir Reg is worried about the North West

Not the nicest note to finish on a Friday, the BBC put a post up regarding Sir Reg Empy's concern about the rising level of job seekers in the North West.

Considering it's been rising for a good 12 months it's not a great shock. As Stream announce an impending 250 to go at the Londonderry site, it's not looking great is it.

My opinion is this, Stream's loss is supply and demand. Through such investment earlier on in the year of other call centres in Newry and Belfast supply increases, value decreases (there's more people doing it) and there's no real measure on demand, for the meantime I'll consider it stays the same or decreases due to the current climate. Stream lose out to the other centres, job losses ensue following basic cashflow and job allocation. It's not that difficult to see, Invest NI put money into all of the and effectively spread the risk across three ventures.

It just shifts jobs from one place to another. A call centre may create 250 jobs over the next three years but there's a good chance it will sacrifice jobs from the same sector at another location. It's horrible but it happens.