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Jobs Week gets off to a strong start

The 256 jobs at BBI Group in Caerphilly,  BT in Swansea, Siltbuster in Monmouth  and SPC in Maerdy , kick off a week of jobs announcements by the Economy Secretary, which demonstrate the positive impact that Welsh Government support is having on the jobs market and wider economy.

Ken Skates said

“I am pleased to be kicking off a week of jobs announcements with 256 new jobs that will be located across Wales. 

“The jobs at all four companies are an indication of the hard work going on behind the scenes by Welsh Government  to support businesses and help them relocate to Wales or  retain and  expand their operations here. 

“The Welsh economy has undergone incredible advances in recent years with  close to a record number of people in work and our  employment rate increasing more than the UK average over the last 12 months. We are working hard to continue this momentum and to safeguard and attract quality jobs to communities right across Wales.”  

 

The Economy Secretary announced that BBI Group is consolidating and expanding its UK manufacturing operations onto a single site in Caerphilly in a £8.5m investment supported by the Welsh Government. The investment  will create  at least 50 new jobs in Wales  with the figure for jobs created and safeguarded standing at more than 360 by 2020.

BBI Group, which is currently headquartered in Cardiff, has a number of manufacturing facilities in the UK. Following an internal consultation the move to the Border Technology Park, Crumlin, will enable the company to centralise manufacturing and development activities  from Blaenavon, Cardiff and Dundee under one roof.

Meanwhile  SPC – a leading international manufacturer of rubber compounds – is to open a new facility in the Rhondda Valley that is set to create up to 40 new jobs over the next two years. The Welsh Government is providing support to ensure the investment goes ahead in Wales. 

The investment by SPC follows its acquisition of two rubber compound mixing production lines from Avon Engineered Rubber’s site in Maerdy. As part of its long-term strategy to invest in its colour-compounding capability, SPC moved one line to its manufacturing headquarters in Westbury, Wiltshire, and initially planned to move the second line to its facility in Barcelona.

To retain the asset in Wales and support the creation of new jobs, the Welsh Government is providing a £150,000 grant to back the large investment SPC is making to refurbish and fit out the Maerdy premises.

In Swansea BT is expanding its customer service contact centre by creating 100 new jobs with support from the Welsh Government.

 

The company is creating the new roles in order to meet its commitment to answering 90 per cent of its customers’ calls in the UK by April 2017.

 

The new recruits will work at BT Tower in Swansea where an additional floor will be refurbished and refitted to accommodate the new business that could have been housed at other BT centres in the UK which have available capacity.

In Monmouth, Siltbuster – the UK’s leading provider of portable water treatment solutions – is investing £4.3m to expand operations in Monmouth that will create 66 new jobs in a move backed by a £1.15m funding package from the Welsh Government and Finance Wales.

The deal is the first to be made from the £136m Wales Business Fund which is backed by the European Regional Development Fund (ERDF) and  Welsh Government and managed by Finance Wales.

Siltbuster, which currently employs 48 people, will more than double staff numbers creating 66 highly paid skilled jobs. The company forecasts doubling turnover by 2020.

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Welsh Government • •

100 jobs boost for Swansea with Welsh Government support

The company is creating the new roles in order to meet its commitment to answering 90 per cent of its customers’ calls in the UK by  spring 2017.

The new recruits will work at BT Tower in Swansea where an additional floor will be refurbished and refitted to accommodate the new business that could have been housed at other BT centres in the UK which have available capacity. BT already employs around 500 people at BT Tower in Swansea. 

The move is backed by business finance from the Welsh Government to support the capital investment and new jobs and helped ensure the expansion went ahead in Swansea. 

Economy Secretary Ken Skates said: 

“BT’s importance to the Welsh economy is reflected in its anchor company status. It has a significant presence in Wales employing more than 3,890 people here and spends around £284m with suppliers in Wales every year.

“BT has already created a significant number of new jobs across Wales recently and I am delighted to support this significant expansion that will now go ahead in Swansea. It builds on their highly successful existing operation in the city and will create a range of new jobs and employment opportunities.”

Alwen Williams, regional director for BT Cymru Wales, said “We are completely changing the way we serve our customers in order to boost our service levels.”

“We are going to answer 90 per cent of our customers’ calls in the UK by Spring 2017, and that means we need to take on great people to fill these extra roles.

“BT is already a major employer in Swansea and these new roles reflect our commitment to the city and the skills and quality of our workforce.

“We’re also rolling-out our new ultrafast broadband technology in Swansea that will see the city enjoying some of the very fastest fibre broadband speeds available in the UK.”

Successful applicants will be answering calls and helping customers from across the UK, providing them with technical and billing advice and top class customer service.

The company has added around 500 UK and Ireland contact centre roles in BT Consumer, with around 900 to be filled by April 2017

Details of the new roles and how to apply can be found at http://btcareers.manpower.co.uk/ (external link). The interview process will include online tests, assessment centres and interviews so the best possible candidates can be matched to the roles.

A recent employee satisfaction survey showed the Swansea centre had the distinction of being the BT Consumer site with the most engaged workforce in Wales and the South West England region.

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Welsh Government • •

BCC International Trade Survey: Fall in Sterling expected to increase cost base and push up prices

The BCC today publishes the results of its International Trade Survey, looking at the impact of the depreciation in Sterling on businesses.

The recent fall in the value of Sterling is squeezing domestic sales margins, and increasing the cost base of UK businesses, according to the results of the British Chambers of Commerce’s (BCC) latest International Trade Survey. The findings, released today (Monday), also indicate that the weak pound is expected to push up the prices of products and services.

The results of the survey, run in partnership with moneycorp and based on the responses of nearly 1,500 surveyed businesses, indicate that the recent devaluation of Sterling is having a negative impact on the domestic sales margins of nearly half of businesses (44%). The effect is more diverse on export margins, with roughly equal levels of businesses reporting a positive (25%) and negative (22%) impact, suggesting that while the fall in value of the pound may be helping some UK exporters, it’s also hurting others.

The survey also found that 68% of businesses expect the fall in the value of Sterling to increase their cost base in the coming year. In turn, over half (54%) of companies expect to have to increase the prices of their products and services over the next 12 months.

Away from prices, the findings also show that nearly half of businesses (45%) do not currently manage currency risk. For those that do, invoicing in Sterling instead of their customer’s local foreign currency (32%) was the most popular means, followed by opening a foreign currency bank account to deal with sales and purchases in the same currency (16%), and waiting for an advantageous rate and buying using the spot market (14%). The same number of businesses (46%) don’t expect to manage their currency risk in the next six months.

Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:

“The depreciation of Sterling in recent months has been the main tangible impact that firms have had to grapple with since the EU referendum vote.

“Our research shows that the falling pound has been a double-edged sword for many UK businesses. Nearly as many exporters say the low pound is damaging them as benefiting them. For firms that import, it’s now more expensive, and companies may find themselves locked into contracts with suppliers and unable to be responsive to currency fluctuations.

“Our survey shows that inflation is going to be an important concern for businesses over the coming year. While inflation rates aren’t high by historical standards, they are still putting increasing pressure on companies. Rising costs are squeezing margins, and forcing many firms to increase the prices of their goods and services.

“Currency fluctuations aren’t something in the UK government’s direct control, and they are likely to continue as the Brexit transition unfolds. Ministers must do everything in their power, meantime, to help businesses keep costs down and stay competitive. Alleviating many of the up-front costs facing companies should be a priority for the Budget in March – starting with the sledgehammer of business rates.”

Lee McDarby, Managing Director of UK Corporate International Payments at moneycorp, said:

“The post referendum fall in sterling has clearly had an impact on many UK businesses and, as hedging begins to expire, importers and exporters will have to adapt to the new landscape. For exporters, the move potentially allows for greater competitiveness on an international level; however, importers may now have to think of new ways of protecting their businesses from further volatility.

“The timeframe for stepping away from the European Union is long, with at least two years of negotiation as and when Article 50 is triggered; this means that companies will have to be nimble and proactive when it comes to managing foreign exchange exposure.

“The key events of 2016 have certainly caused market uncertainty and there are no signs that this will subside in 2017. On that basis we are definitely engaging more with new and existing clients who are turning to FX specialists such as moneycorp for support and assistance when it comes to managing their currency risk.”

Ends

Notes to editors:

The British Chambers of Commerce surveyed 1,474 business people online between 1 December and 19 December. The survey sourced respondents from every region and nation of the UK. Around 95% of responding businesses were SMEs, and around one third were manufacturing, with the remaining two thirds operating in the service sector. A vast majority (80%) of responding businesses also sell products or services overseas.

The British Chambers of Commerce (BCC) sits at the heart of a powerful network of 52 Accredited Chambers of Commerce across the UK, representing thousands of businesses of all sizes and within all sectors. Our Global Business Network connects exporters with nearly 40 markets around the world. For more information, visit: www.britishchambers.org.uk

Media contacts:

Orla Hennessy – Press and Communications Officer

020 7654 5813 / 07825746812

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British Chambers of Commerce • •

Fire kills 18 at massage parlor in E. China

The photo taken on Feb 6, 2017, shows a foot massage parlor that catches fire on Feb 5 in Tiantai county, Zhejiang province. [Photo/Xinhua] 

At least 18 people have been killed and another two injured after a foot massage parlor caught fire in east China, local authorities said Sunday.

The fire broke out at around 5:26 p.m. Sunday in the Zuxintang Foot Massage Parlor in Tiantai County, Zhejiang Province, according to the county’s publicity department. The fire was extinguished at about 7:05 p.m..

Eight people were found dead in the fire, while another 10 died in hospital after medical efforts failed, according to the department.

Pictures on microblog Sina Weibo show a building engulfed by heavy smoke and people jumping out of windows, while firefighters were trying to tame the blaze.

An investigation into the accident is under way.

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East Asia • •