Quote:
Originally Posted by Stop It
Well, if PT is losing £1 million a day, the Govt could actually pay £20,000 (In benefits and lost tax revenue) to 15,000 people (Which is what is said to be at stake here in total if PT went under) a year. This would cost £821,917 a day, so would be cheaper than eating the losses at the plant. The losses currently at the plant are staggering and to be honest, 15,000 jobs lost is a doomsday scenario. Just taking the plant and eating that sort of loss is not only fiscally irresponsible anyway, but maybe more expensive than the "worst case" scenario.
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The cost to the local economy, given that the benefits paid to the workers would in many cases be lower than their wages, would be significant. There is also a long-term socio-economic cost associated with long term high levels of unemployment in a community. Abandoning the plant in favour of putting the workers on benefits should be at the bottom of a long list of potential solutions to the problem.