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BAE arm contributes £392m to economy



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A STUDY by Fraser of Allander Institute has shown that the contribution of BAE Systems' Surface Fleet Solutions business to the Scottish economy increased by £139 million to £392m in 2007 compared with the year before.
The study, commissioned by BAE Systems, also revealed that for every 100 people employed by the company on the Clyde, a further 68 jobs were supported in other industries in Scotland.

BAE claimed that this brought the total number of jobs in Scotland supported by the Clyde yards to 5,364 – £132.2m worth of wages across the country.

According to the study, the Govan and Scotstoun operations contributed £107m million to Scotland's gross value added (GVA).





The full article contains 119 words and appears in The Scotsman newspaper.
Page 1 of 1

  • Last Updated: 11 May 2008 8:47 PM
  • Source: The Scotsman
  • Location: Edinburgh
  • Related Topics: BAE Systems
 
1

eric,

lothian 12/05/2008 08:12:37
maybe glasgow can have its metroploital subway now
2

Darien,

Panama 12/05/2008 08:48:51
And the point of this study was........
3

danielrober,

12/05/2008 09:30:58
Who said Scotlands economy was failing? This is high tech engineering at its best.
4

Erica from East Kilbride,

19/05/2008 08:20:29
Just a pity that the local Clyde populace can't be bothered to find gainful employment there, preferring to be carried by the wealthier folks in the rest of Scotland.

 

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