Summary
T he Westcountry's engineering sector has had its high-profile casualties, as manufacturers feel the impact of recession.
Among them, were Fitzgerald Lighting of Bodmin, which entered into administration in December, 300 workers at Princess Yachts laid off at the beginning of June, with Babcock Marine also anticipated to carry out 300 redundancies at the end of June. Following the redundancies, Princess announced that up to 200 jobs could be reinstated, as it starts building its biggest-ever motor cruisers on a new waterfront site in Plymouth.See the full content of this document
Extract
Squeeze May Last Another Year
Gleason Cutting Tools, based in Estover, has shed 68 of its workers since the beginning of the recession. Computer firm Esplex announced in February that it was to axe 140 jobs. Software firm Invensys also cut 50 jobs at its Plymouth factory amid a slowdown in orders.
Invensys, which employs 400 people across the Westcountry, shed 50 jobs this y...See the full content of this document
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