I have listed the various job losses over the past seven weeks. However, if one examines the reason companies are upping sticks and leaving, it is not that they are going out of business but rather, in most cases, that they are simply transferring their operations out of the country. They are moving to low cost countries where labour costs are much cheaper – for example, Hungary in the case of the Waterford plant which has lost 70 jobs. They can make exactly the same product to the same standard but at a much cheaper cost, thereby making much greater profit for their United States shareholders.