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Headline

Positive spin

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I too remember the sudden change in the mid sixties when engineering went out of fashion. Lord Weinstock of GEC fame managed to get the City on side for a while by stripping all the companies involved of their apprenticeships, draughtsmen and designers, i.e. not profit centres. The same city Money Barons will buy a foreign owned company and manufactured car but not give the long term money resources for the same manufacturing base here. Bombardier has reputably report that the lack of success in get the rail order was the financing which Siemens (German) had access to. It is not only political but our short term, share holders are king (if only) financial model which has caused the present engineering woes here.

Posted date

29 Feb 2012

Posted time

12:25 pm

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