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by Bro McFerran CBE, president of the Northern Ireland Chamber of Commerce...read more

strangers are just friends you haven’t met yetby Bill Manson, chief executive, Management and Leadership NetworkNetworking is one of those buzz words that has everyone believing they know exactly what it means, and exactly what to do. Having run over 50 networking events over the past few years, our experience would suggest that such confidence is misplaced. On the positive side, however, the people who come prepared for networking do achieve significant added value.

Redundancy – payments and processby Niall McSorley, employment lawyer at Carson McDowell. As the credit crunch takes hold, the issue of redundancy has again appeared on the agenda for many businesses across Northern Ireland. However, before jumping in and reducing staffing figures through a redundancy programme, managers must not only ensure that a genuine redundancy situation exists, but they must also cross their 'ts' and dot their 'is’ when it comes to the process itself in order to limit legal action from disgruntled ex-employees.

Managing in a downturn by Garth Calow, advisory partner, PricewaterhouseCoopers LLP in BelfastA year in the grip of the global credit crunch has cost the UK economy £600 billion in falling house prices and tumbling equity values alone. That level of wealth destruction - equivalent to around one per cent of UK GDP - could lead to reduced spending of £12-16 billion over the next twelve to eighteen months as the effects of a falling stock market and housing wealth feed through to reduce spending by UK businesses and households. And analysis by economists at PricewaterhouseCoopers LLP suggests that Northern Ireland is not immune from the effects of the global credit crunch.

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Confident and upbeat in Derryby Janice Tracey, chief executive, Londonderry Chamber of Commerce As the regional capital of Ireland's north west, Derry is a cosmopolitan and diverse business, social, cultural and leisure environment. It is a city with global aspirations, yet steeped in culture and heritage with its world-famous walled city. The city differentiates itself on quality of life, and on the fact that it is young and vibrant.

Three months is a long time in both economics – and in politics.

The official magazine of the Northern Ireland Chamber of Commerce

Inside this issue...

Click here to view this months Business First, Issue 4

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