London: The capital's property boom is putting jobs at risk, claim the TUC.
According to a report produced by the TUC, the rise in the number of factories being sold to property developers for housing will lead to a loss of 50,000 manufacturing jobs in the area by 2010.
The TUC believes that an investment of £75 million into the capital's manufacturing industry would prevent this. The scheme, if it went ahead, would be handled by the London Development Agency.
TUC secretary, Mick Connolly, said: "London needs extra investment to develop high quality manufacturing parks with state of the art information and communication technology access and ICT learning centres in each of the key regeneration areas."
July 8, 2002 12:30
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