Wrightbus

[Smokin Joe]

Reported that the Wright family paid the last months wages out of their own pocket.

Also reported that the company safety net account has also been emptied..

What does the "company safety net account" mean?

[seafoid]

In 1921 Ulster Unionists generated a massive proportion of economic value on the island of Ireland, well over 50%.
Now it's less than 15%.

[paddyjohn]

Reported that the Wright family paid the last months wages out of their own pocket.

Also reported that the company safety net account has also been emptied..

What does the "company safety net account" mean?

Exactly what it says. Money in an account that was meant to used as a safety net in the event of cashflow problems and money issues.

Somebody sliced the net..

[clarshack]

NI is getting hammered economically and Brexit hasn't even started
Between JTI Gallaher, Michelin and Wrightbus, Ballymena has lost 3,700 jobs.

and that is the scary thing.

[paddyjohn]

NI is getting hammered economically and Brexit hasn't even started
Between JTI Gallaher, Michelin and Wrightbus, Ballymena has lost 3,700 jobs.

and that is the scary thing.

And thats not including local suppliers and subbies in these places.

[The Wedger]

In a future United Ireland we will be taking on a ever increasing pool of unemployed and probably unemployable Loyalists who used to have it good but are now very disenfranchised.

[skeog]

God was a shareholder.

[trailer]

Reported that the Wright family paid the last months wages out of their own pocket.

Also reported that the company safety net account has also been emptied..

What does the "company safety net account" mean?

Exactly what it says. Money in an account that was meant to used as a safety net in the event of cashflow problems and money issues.

Somebody sliced the net..

Sure the company had cashflow problems and money issues. Would stand to sense then that such an account would be emptied.

[paddyjohn]

Reported that the Wright family paid the last months wages out of their own pocket.

Also reported that the company safety net account has also been emptied..

What does the "company safety net account" mean?

Exactly what it says. Money in an account that was meant to used as a safety net in the event of cashflow problems and money issues.

Somebody sliced the net..

Sure the company had cashflow problems and money issues. Would stand to sense then that such an account would be emptied.

Emptied into a personal account?

[trailer]

Reported that the Wright family paid the last months wages out of their own pocket.

Also reported that the company safety net account has also been emptied..

What does the "company safety net account" mean?

Exactly what it says. Money in an account that was meant to used as a safety net in the event of cashflow problems and money issues.

Somebody sliced the net..

Sure the company had cashflow problems and money issues. Would stand to sense then that such an account would be emptied.

Emptied into a personal account?

Well you didn't say that. I'd imagine that's a very very serious thing to happen with a business like this in difficulties. The Administrators would take a very dim view.

[StephenC]

In a future United Ireland we will be taking on a ever increasing pool of unemployed and probably unemployable Loyalists who used to have it good but are now very disenfranchised.

Won't the protestant work-ethic be a factor too? Genuinely, when I was growing up there was a culture and a tradition of hard work that was sometimes joked about, but in reality was envied, by the catholic community.

[seafoid]

In a future United Ireland we will be taking on a ever increasing pool of unemployed and probably unemployable Loyalists who used to have it good but are now very disenfranchised.

Won't the protestant work-ethic be a factor too? Genuinely, when I was growing up there was a culture and a tradition of hard work that was sometimes joked about, but in reality was envied, by the catholic community.

They never replaced the jobs in the old hard industries that collapsed in the 1960s
In the 20s NI was prosperous and well developed. There were economic advantages to being part of the UK .
Now there are none.

Ulster including NI has the same standard of living as Connacht.

[The Wedger]

In a future United Ireland we will be taking on a ever increasing pool of unemployed and probably unemployable Loyalists who used to have it good but are now very disenfranchised.

Won't the protestant work-ethic be a factor too? Genuinely, when I was growing up there was a culture and a tradition of hard work that was sometimes joked about, but in reality was envied, by the catholic community.

Now matter how 'hard working' you are in a manufacturing job, the alternatives in places like China will still be far cheaper and attractive.

In the digital age you need to be smart, adaptable, creative etc. I'm not sure how easily that cap fits with worker bee Protestants.
The tradition of giant industries and heavy subsidies has probably stifled entrepreneurship up North.
This is why the once impoverished agricultural economy of the South has caught up with and roared past the North.

[seafoid]

In a future United Ireland we will be taking on a ever increasing pool of unemployed and probably unemployable Loyalists who used to have it good but are now very disenfranchised.

Won't the protestant work-ethic be a factor too? Genuinely, when I was growing up there was a culture and a tradition of hard work that was sometimes joked about, but in reality was envied, by the catholic community.

I think David Irvine talked about this, a lot of ulster protestants in the past when they left school were able to get apprenticeships and jobs in the shipyards back etc. were as Catholics to get ahead were pushed to stay in school, get an education.  Now in a lot of professions e.g. law, a high percentage of the jobs have gone to Catholics from working class areas where as protestants from similar backgrounds are lagging behind without having been pushed at school now that there is no 'jobs for the boys' type professions left.

NI is post industrial.
The South was never really industrialised.
Now it's services based

[Dougal Maguire]

In a future United Ireland we will be taking on a ever increasing pool of unemployed and probably unemployable Loyalists who used to have it good but are now very disenfranchised.

Won't the protestant work-ethic be a factor too? Genuinely, when I was growing up there was a culture and a tradition of hard work that was sometimes joked about, but in reality was envied, by the catholic community.

Not it the shipyard where most of them wouldn't work on a battery