Clay Producers to Cut Sw Workforce ; China Clay Producer Imerys has Become the Latest Victim of the Credit Crunch After Announcing It Was to Shed More Than 50 Jobs and Impose a Pay Freeze.

Summary


China clay producer Imerys has become the latest victim of the credit crunch after announcing it was to shed more than 50 jobs and impose a pay freeze.

The St Austell-based company held a meeting with unions and workers yesterday in which it blamed the global downturn for forcing the move.

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Clay Producers to Cut Sw Workforce ; China Clay Producer Imerys has Become the Latest Victim of the Credit Crunch After Announcing It Was to Shed More Than 50 Jobs and Impose a Pay Freeze.

Jeremy Barnard, Imerys human resources manager, said the action was unavoidable to safeguard the firm's future.

"We ...

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