About 400,000 eye return to homeland amid recession fears.
By Garry Kranz Comments 0 | Recommend 0
Polish Expats: Worried about recession, about one-third of Polish expatriates
in Great Britain could return home in search of more economic stability, a
newspaper reports. The looming exodus poses a threat to the country’s economy,
which according to The London Daily Telegraph will see the loss of about 400,000
Polish workers—a labor force that generates £1.9 billion ($3 billion) a year to
the British Treasury. Fears abound that Polish construction workers could be
lost, thus stymieing Britain’s building boom.
Officials with the Warsaw government reportedly cite the rise in value of the
Polish zloty against the British pound as a major reason, especially since
Poland has to date largely escaped the global credit crisis that has engulfed
much of continental Europe.
Workforce Management contributing editor Garry Kranz is based in Richmond, Virginia. E-mail editors@workforce.com to comment.
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