Negative Multiplier Effect: Full story from - news.bbc.co.uk/1/hi/wales/4773779.stm

1. Negative Multiplier Effect: Full story from - http://news.bbc.co.uk/1/hi/wales/4773779.stm Hundreds of motor firm jobs shed One of Blaenau Gwent's biggest employers has announced that it is shedding up to 350 jobs - in addition to 70 cuts already announced. Continental Teves which makes brake calipers for the motor industry is switching production to Slovakia. Monday, 15 May 2006 Around 500 people work at the Ebbw Vale plant

2. 500 well paid jobs lost

3. 500 well paid jobs lost Redundant workers have less money to spend

4. 500 well paid jobs lost Redundant workers have less money to spend Local shops and services (e.g. cinemas) lose trade and may close too

5. 500 well paid jobs lost Redundant workers have less money to spend Local shops and services (e.g. cinemas) lose trade and may close too Even less money spent in local area – more shops close

6. 500 well paid jobs lost Redundant workers have less money to spend People decide to move to find work Local shops and services (e.g. cinemas) lose trade and may close too Even less money spent in local area – more shops close

7. 500 well paid jobs lost Redundant workers have less money to spend People decide to move to find work Local shops and services (e.g. cinemas) lose trade and may close too Flood of houses for sale in area Even less money spent in local area – more shops close

8. 500 well paid jobs lost Redundant workers have less money to spend People decide to move to find work Local shops and services (e.g. cinemas) lose trade and may close too Flood of houses for sale in area Even less money spent in local area – more shops close Houses prices fall. No-one buying.

9. 500 well paid jobs lost Redundant workers have less money to spend People short of money -with nothing to do. People decide to move to find work Local shops and services (e.g. cinemas) lose trade and may close too Flood of houses for sale in area Even less money spent in local area – more shops close Houses prices fall. No-one buying.

10. 500 well paid jobs lost Redundant workers have less money to spend People short of money -with nothing to do. People decide to move to find work Local shops and services (e.g. cinemas) lose trade and may close too Rise in crime and antisocial behaviour e.g. graffiti Flood of houses for sale in area Even less money spent in local area – more shops close Houses prices fall. No-one buying.

11. 500 well paid jobs lost Redundant workers have less money to spend People short of money -with nothing to do. People decide to move to find work Local shops and services (e.g. cinemas) lose trade and may close too Rise in crime and antisocial behaviour e.g graffiti Flood of houses for sale in area Even less money spent in local area – more shops close Area seen as unattractive with problems Houses prices fall. No-one buying.