Business

BT boosts Welsh economy ‘by £575m’

Published

8 years ago

November 19, 2015

BT Employee: One of 2950 BT employs in Wales

BT generated a massive £575 m for the Welsh economy in the past year – a £35 m increase on just two years ago, according to an independent report published on Wednesday (Nov 4).

The report, by Regeneris Consulting, also shows that the communications company supports 7,520 jobs in Wales through direct employment, it’s spending with contractors and suppliers and the spending of employees.

In employment terms, BT’s impact in 2014-15 was larger than the country’s creative and media sector. Around £213 m was spent with local suppliers.

The overall beneficial financial impact of BT activities is expressed as a “Gross Value Added” (GVA)* contribution. For Wales the BT GVA totalled £575million – equivalent to £1 in every £90 of the total GVA for Wales.

Tim Fanning, associate director at Regeneris Consulting, said: “Our analysis confirms the sheer scale and reach of BT’s ongoing economic contribution to Wales and the UK as a whole.

“BT makes a contribution to every community across the UK. At the UK level, £1 in £80 of wealth created is attributable to BT – this is one of the single largest contributions to the UK economy by any firm.”

Alwen Williams, BT’s regional director for Wales, said: “There are few organisations in Wales that have a larger impact on the day-to-day life and future prospects of the country than BT.

“We are one of the largest private sector employers and investors in Wales – our investment in fibre broadband in Wales alone amounts to hundreds of millions of pounds – and the services that we provide are a vital part of every community.

“The facts and figures shown in this report highlight the full extent of BT’s contribution to the local economy as we go about the daily business of keeping people connected and introducing new technologies, which are creating fresh opportunities and transforming lives.

“Aside from the company’s activities, the report also draws attention to the positive ways BT people are contributing to the communities where they live and work, whether they are a volunteer for a worthy cause or a local shopper.”

‘Social Study 2015 – The Economic Impact of BT in the United Kingdom’ analyses the key role BT and its employees play in economic, business and community life across the English regions, Scotland, Wales and Northern Ireland.

It highlights the positive contributions made by BT through the salaries and wages of employees and contractors, and the beneficial impact of its procurement and overall expenditure around the UK.

The report highlights that BT in Wales:

Is responsible for the employment of 2,950 people – 2,790 direct employees and 164 contractors – with a total employment income of £94 m;
Provides work for a further 4,570 people through BT’s spending with businesses that supply its equipment and services, and the spending of employees;
Committed more than £1 m to community, charity and voluntary programmes, spread around many regional communities in 2014/15;
Has enabled more than three-quarters – 77 % – of its employees to work flexibly.

BT is investing more than £3 billion in the roll-out of fibre broadband in the UK through its own commercial programme and by working with the Government and local authorities in broadband partnerships to extend next generation broadband even more widely – especially to more rural and remote communities.

In Wales, BT is the major private sector partner in Superfast Cymru. Through this partnership and the company’s commercial roll-out, BT has already made fibre broadband available to more than 1.2 million Welsh homes and businesses – and this number is continuing to grow rapidly.

The report also highlights how BT is consistently one of the country’s leading investors in innovation with spending on research and development in the 2014/15 financial year reaching £50 m. Among the latest developments, the company has started trials in Swansea of ultrafast G.fast broadband, which is already delivering download speeds up to 330 megabits per second (Mbps).

This new technology will be rolled out to 10 million UK homes and businesses by the end of 2020 and the majority of premises within a decade.

Volunteering is also a core element of BT’s strategy. Last year, BT people in Wales contributed 2,416 volunteering days to worthy causes, amounting to in-kind support of nearly £750,000. Across the UK, the figure is 50,500 days, worth more than £15 m.

In addition, MyDonate – BT’s commission-free online fund-raising service – has helped to raise more than £1m for charities across Wales.

Alwen Williams added: “It’s evident BT people throughout Wales really want to make a positive contribution to the communities in which they live and work. Every day BT employees help millions of people to communicate, do business, be entertained and stay informed.”

UK-wide, BT’s total GVA contribution is assessed at £18 billion. The company supports 217,000 jobs directly and indirectly and last year spent £6.5 billion with UK-based suppliers. As a result of the full economic impact of BT, the firm supports £1 in every £80 of GVA in the UK economy and one in every 110 UK employees.

Business

Cabinet Secretary for Economy says Tata chose to ignore multi-union report

Published

1 day ago

April 30, 2024

Tom Sinclair

TATA STEEL has confirmed to the Welsh Government plans to close its two blast furnaces at Port Talbot, transitioning to electric arc furnace steelmaking as part of a £1.25bn strategy. This move is set to impact approximately 2,800 jobs, with major implications for the local community and wider Welsh economy.

Jeremy Miles MS, Cabinet Secretary for Economy, Energy and Welsh Language, expressed deep disappointment over the company’s decision to disregard the multi-union report’s recommendations for a more sustainable transition. This report, commissioned by the UK Steel committee, had advocated for measures that would reduce the environmental impact of steel production while considering the workforce’s welfare.

The phased closure will begin with Blast Furnace 5 in June, followed by Blast Furnace 4 and other heavy assets by September’s end. Over the next 18 months, the first wave of job reductions will take effect, beginning this July, with further losses anticipated at the Llanwern site over the next two to three years.

The Welsh Government has criticised the pace of the transition, suggesting that a more extended consultation period between Tata and the unions might have mitigated the scale of job losses. As the company prepares for a three-year transition period, it will rely heavily on steel imports to meet customer demands, a move that raises concerns about the future of local production capacity.

Miles underscored the strategic importance of the Welsh steel sector, not only for the local economy but also as a vital component of the UK’s industrial landscape. He urged Tata Steel to avoid compulsory redundancies and to collaborate closely with the Transition Board to provide the necessary support, including reskilling and employment opportunities for the affected workers.

The confirmation of the shift has prompted significant unrest among the workforce, with unions balloting for potential industrial action. Tata has set conditions on its voluntary redundancy packages, which are subject to ongoing negotiations along with future investment commitments.

The Welsh Government remains committed to supporting the steel industry, emphasizing the need for a clear and substantial investment vision that will ensure the sector’s sustainability and the prosperity of its workforce. The transition board has already initiated various support mechanisms, including job fairs, advisory sessions, and a comprehensive action plan to cushion the economic impact on the community.

This transition marks a challenging new chapter for Port Talbot and the entire Welsh steel industry, with long-term implications for the regional economy and its people.

Commenting, Welsh Conservative Shadow Economy Minister, Samuel Kurtz MS said: “The disappointment felt by those losing employment at Tata cannot be understated. We need to support our steelworkers, not just with warm words, but with skills, retraining and jobs.

“We have been clear that we want to see a blast furnace remain open in the transition to electric arc furnaces and we need to take full advantage of the opportunities that the new Celtic Freeport will bring.”

In a joint statement following their respective contributions in response to the statement, local Senedd Members for South Wales West, Tom Giffard MS and Dr Altaf Hussain MS added: “We need to support our communities in and around Port Talbot more than ever following the disheartening news from Tata.

“It is a matter of deep regret that the Labour Welsh Government have yet to put a single penny on the table to support the UK Conservative Government-funded transition board. We need more detail from Labour as to what they are actually doing to back the workforce.”

Business

Women make better homeworkers than men, according to new survey

Published

2 days ago

April 30, 2024

Tom Sinclair

A GROUNDBREAKING survey conducted by the team behind the British Business Excellence Awards (www.britishbusinessexcellenceawards.co.uk) have uncovered a significant trend in the remote work landscape: women are leading the charge as successful remote workers, surpassing men in both productivity and overall satisfaction with remote work arrangements.

The survey, encompassing more than 2,300 UK adults in full-time employment (a 50/50 split of men and women), revealed a striking trend: over two thirds of employees (69%) perceive female remote workers as more productive than their male counterparts. Contrary to traditional assumptions, women are not only adapting to remote work, but thriving in it.

Additionally, over three-quarters of women (76%) reported increased productivity since transitioning to remote work, compared to 54% of men. This shift in productivity is closely tied to work-life balance, with 72% of women indicating an improved balance since working remotely, compared to 58% of men.

Female remote workers also stood out in terms of approachability and support, with a staggering three-quarters of respondents (75%) perceiving female colleagues as more approachable in the virtual workspace. This accessibility and support contribute to a more cohesive and connected remote work environment.

In a reflection of the evolving priorities in the business world, over half of men (54%) and three-fifths of women (61%) believe that female remote workers are more progressive when it comes to sustainability and environmental initiatives. Women in remote roles were perceived as having a stronger focus on implementing sustainable practices and promoting eco-consciousness in their virtual teams.

Conversely, the survey highlighted a perception that male remote workers are more comfortable with embracing technology and artificial intelligence (AI), with 78% of men and 61% of women expressing this view. This suggests that male remote workers are seen as driving digital transformation and leveraging tech tools more readily in the virtual workspace.

Sarah Austin, Director of the Lloyds Bank British Business Excellence Awards, commented:

“These findings challenge traditional norms and underline the importance of fostering an inclusive work environment where all employees, especially women, can thrive. The data clearly shows that women bring unique strengths to remote work, contributing to higher productivity, improved work-life balance, and a focus on sustainability.

“The survey underscores the significant advantages of supporting and promoting women in remote work settings. As businesses continue to navigate the remote work landscape, understanding and leveraging the strengths of female remote workers can lead to enhanced productivity, employee satisfaction, and overall success.”

Business

Improved customs infrastructure promised for Port of Fishguard

Published

2 days ago

April 30, 2024

Tom Sinclair

SIGNIFICANT developments are poised to transform the Port of Fishguard in Pembrokeshire as a result of Brexit, with proposed enhancements including expanded parking for heavy goods vehicles and the construction of new processing facilities.

The Welsh Government has announced the need to augment customs infrastructure at this key transit point following the UK’s departure from the European Union. This expansion will bolster the port’s capacity and introduce a suite of new structures: two processing buildings—one permanent and one temporary—a mechanical and electrical plant, a waste management building, two water tanks, and enlarged parking facilities for heavy goods vehicles.

In preparation for these enhancements, the government has issued a tender for initial groundwork. This encompasses geotechnical and geo-environmental studies for three proposed buildings dedicated to processing, produce, small animals, and livestock. Additional plans include nine supplementary structures such as mechanical and electrical plants, an animal waste facility, various plant structures, and three water tanks.

The scheme also includes the establishment of a new parking area designed to accommodate 50 trailers, improvements to coastal protection measures, slope reprofiling, and the construction of retaining walls as necessary to support the new parking layout.

This infrastructure upgrade is in line with Stena Line Ports Fishguard’s strategy to adapt to new UK-EU trade dynamics post-Brexit. As border controls tighten, particularly for animal and plant products from the EU, physical inspections are set to begin across Great Britain from April 30 this year. Notably, Stena’s route from Rosslare to Fishguard remains the sole ferry connection from the Republic of Ireland to Great Britain that transports livestock.

Although inspections of these imports from Ireland are not anticipated to commence before spring 2025, the establishment of Border Control Post (BCP) facilities at Fishguard is essential for the inspection of imported goods, including live animals and various plant and animal products.

A Welsh Government spokesperson emphasised that the invitation for ground investigation works at the port is a precursor to the decision-making process regarding the BCP facilities, focusing on the diverse range of commodity types currently arriving at Fishguard which would necessitate such facilities.

The tender for these preliminary ground investigations is expected to be awarded by the end of the month, paving the way for a substantial redevelopment of the port’s operational