Written question asked by Helen Jackson (Labour), in the House of Commons. It was due for an answer on Wednesday, 8 May 1996. It was answered by Marquess of Lothian (Conservative) on Wednesday, 8 May 1996 on behalf of the Northern Ireland Office.

Northern Ireland Office

Question: What estimate he has made of the impact on job prospects in the engineers' cutting tool sector of the establishment of a new facility in Belfast by YG-I Tool Company of Korea.

Answer: Mrs. Helen Jackson: To ask the Secretary of State for Northern Ireland what estimate he has made of the impact on job prospects in the engineers' cutting tool sector of the establishment of a new facility in Belfast by YG-I Tool Company of Korea.[27097] Mr. Ancram: The establishment of this facility is unlikely to impact on job prospects in the engineer's cutting tool sector. In all cases where Government assistance is given to inward investors, an assessment is made on the risk of job displacement. This was done in the case of the European Tool company, the Northern Ireland subsidiary of YG-I Tool Company of Korea.

Secondary information

Type: Written question
Reference: 27097; 277 c181W
Session: 1995-96
Subjects: Industry Job creation Northern Ireland Foreign investment in UK South Korea Machine tools