Tech Firm Pushes Cost-Cutting Plan ; Technology Group Invensys Says It Is Likely to Accelerate a Cost- Cutting Programme in Its Controls Division in Light of Worsening Trading Conditions.

Summary

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Technology group Invensys says it is likely to accelerate a cost- cutting programme in its controls division in light of worsening trading conditions.

The division, which employs around 400 people in the Westcountry, is said to be showing "resilience" but "has had to contend with more difficu lt trading conditions".

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Extract

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Tech Firm Pushes Cost-Cutting Plan ; Technology Group Invensys Says It Is Likely to Accelerate a Cost- Cutting Programme in Its Controls Division in Light of Worsening Trading Conditions.

It designs, engineers and manufactures components, systems and services used in appliances, heating, air condition...

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