by Ant Insurance
9. September 2009
The Edinburgh Evening News has reported that 7 people not employed within the city’s main financial sector industry are losing their jobs everyday.
In the eight months to June a total of 6,821 redundancies were announced by Edinburgh based firms. The finance and insurance sector accounted for £5000 of the job losses (mainly through the Royal Bank of Scotland) but this left a further 1.821 within the manufacturing, retail and transport industries.
Whilst it was anticipated the financial sector would take heavy job losses the scale of the other affected areas has been disappointing.
Across Scotland there was 30.127 redundancies in the eight months to 5th June, with 22.6% of those down to Edinburgh and Lothians based firms.