Declining Industry

(redirected from Declining Industries)

Declining Industry

An industry producing one or more products that are declining in demand, profitability, or both. A declining industry may be suffering losses, or it may still be making a profit that has been shrinking consistently. An industry may go into decline for a number of reasons. The economy may decline and the industry's products may suddenly be considered luxuries. Alternatively, a new technology may be developed that renders an industry obsolete. For example, the video cassette recording (VCR) industry was performing well for approximately 20 years. However, the introduction of DVDs, which are more efficient and of higher quality, turned the VCR industry into a declining industry. See also: Industry Life Cycle.
References in periodicals archive ?
This will include work placements with Hewlett Packard to further support workforce development and expansion and we will support training to help workers move into the ICT sector including workers displaced from declining industries such as automotive, who are looking to re-skill, Mr Weatherill said.
We apply a rigorous framework and an experience-driven set of principles that have elected presidents and prime ministers, strengthened corporations, bolstered declining industries, and reinvigorated global brands.
In addition to assisting with the transition of individuals from declining industries, it would also support those keen to transfer to the industries experiencing growth.
However, I believe her greatest achievement remains the way in which she single-mindedly went about changing the economic landscape of the UK from being the "sick man of Europe" dominated by industrial unrest and declining industries to an enterprising nation that became the envy of many other developed economies.
Newspapers are one of the fastest declining industries in the country, having (http://www.
Even in a recovery, declining industries continue to underperform, and within IBISWorld's database of close to 700 industries, about 200 are in their decline phase.
Welsh 'among the lowest paid' Welsh workers are among the lowest paid in the country and work in more declining industries, a report presented by industry chiefs to top Common Market officials has revealed.
The long term, structural unemployment that resulted from these declining industries was partially reduced by huge investment in the public sector which created jobs, particularly for women.
Those who own homes in cities that specialize in declining industries will suffer from the double whammy of increased unemployment risk and declining home prices.
Our results show that many do not have up-to-date IT and literacy skills but, above all, lack confidence and self esteem, often following many years of regular employment in one of our declining industries.
I ask readers to think of our troops, our declining industries, the farcical justice system and immigration services whenever one of our Honourable Members sprouts up for or against the Hunting Bill.
1) This research summary examines the validity of common assumptions about membership attrition by measuring union membership changes in expanding and declining industries as well as the number of new members needed by the unions each year for either no change or an increase in union density of 1 percentage point.