10 Feb '12, 5am

jobs

jobs

Lost at sea: £2.7 billion and 100,000 jobs 10 February 2012 New research reveals huge loss of jobs and profits due to overfishing of EU stocks. Research published today by nef finds that poor management of fish stocks is draining jobs and profits. The report Jobs Lost at Sea estimates the benefits of rebuilding 43 European stocks (out of more than 150) and finds that: Restoring these 43 stocks to their maximum sustainable yield (MSY) would generate 3.53 million tonnes of additional landings ; enough to meet the annual demand of fish for almost 160 million EU citizens . Value of restoring fish stocks is worth £2.7 billion (€3.2 bn) per year to all countries. It is worth £1.5 billion (€1.8 bn) per year to the EU27 , or almost three times its annual fishing subsidies. Value of restoring these fish stocks could support 100,790 new jobs, around 83,000 to the EU27 (31% more than...

Full article: http://www.neweconomics.org/press-releases/lost-at-sea-27...

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