Mar 07 - GSD Claims New Substantive Investment is Required in Gibraltar
The GSD views with very serious concern the recent news that there will be redundancies at Saccone & Speed. Job losses are always an issue, which concerns the party because it affects people personally as well as the economy.
Opposition member for Commercial Affairs Damon Bossino believes that the previous buoyancy in Gibraltar’s economy cannot now be taken for granted. The party calls upon the Government to develop a strategy, which will boost sales not only in Main Street but also sustain Gibraltar’s economic well-being.
The party claims that these most recent job losses should be as a direct result of the frontier restrictions serves as a reminder of the call that the party made in December seeking that the Government implement appropriate strategies to mitigate the very serious problems that they warned were facing retailers.
The GSD is adamant that new, substantive investment in required in Gibraltar. They note, ‘this is particularly the case in a backdrop of apparently unrelated negative developments in different areas of the economy as has been seen in relation to job losses at Barclays Bank, Norwich & Peterborough and some also in the gaming industry.’
