Economy and Regeneration
| Labour Profile | ||
|---|---|---|
| Total employee jobs | 43,800 | |
| Full-time | 28,000 | 63.9% |
| Part-time | 15,800 | 36.1% |
| Manufacturing | 3,300 | 7.5% |
| Construction | 1,100 | 2.4% |
| Services | 38,900 | 88.7% |
| Distribution, hotels & restaurants | 9,600 | 22.0% |
| Transport & communications | 1,400 | 3.3% |
| Finance, IT, other business activities | 9,600 | 22.0% |
| Public admin, education & health | 16,200 | 36.9% |
| Other services | 2,000 | 4.6% |
| Tourism-related | 3,000 | 7.0% |
Worthing's economy is dominated by the service industry, particularly financial services. Major employers include GlaxoSmithKline, HM Revenue & Customs, Aviva (formerly Norwich Union), MGM Advantage and Southern Water. In June 2008, Norwich Union announced that all 660 employees at its office in Broadwater would be made redundant by 2010. In October 2009, GlaxoSmithKline confirmed that 250 employees in Worthing would lose their jobs at the factory, which makes the anti-biotics co-amoxiclav (Augmentin) and amoxicillin (Amoxin) and hundreds of other products. As of 2009, there were approximately 43,000 jobs in the borough.
Although Worthing was voted the most profitable town in Britain for three consecutive years at the end of the 1990s, the Annual Survey of Hours and Earnings 2009 found that Worthing residents' mean pre-tax pay is only £452 per week, compared to £487 for West Sussex and £535 for South East England as a whole.
In 2008, Worthing was in the top 10 urban areas in England for jobs in each of three key sectors, thought to have a significant impact on economic performance: creative, high-tech industries and knowledge-intensive business services.
Read more about this topic: Worthing
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