Dell speculation beginning to snowball
Dell’s policy of remaining tight lipped about a recent Wall Street Journal story on the future of their Limerick plant is not doing them any favours, as it has sparked an increasing amount of speculation. It has gotten to a point now where even Limerick Chamber of Commerce has stated that it is undermining confidence in the midwest region.
Coverage of these concerns were covered on RTE yesterday and have made the front page of the Independent today.
With an estimated six percent of all employment in the Midwest region dependent on Dell, a loss of confidence amid this speculation and unanswered questions from Dell can only serve to do some serious damage to the economy, a “death by a thousand cuts” if you will.
Were they to come out and say “Yeah, we are shipping out” then the short term reprocussions might be severe, but it would get the trauma over with to make way for some sort of a recovery.