Tuesday, October 28, 2008

Staff facing redundancy at Engineering company

EIGHTY-SIX people were last night told they face redundancy from a North-East engineering company after a dramatic downturn in sales in recent weeks.

The jobs blow from Thyssenkrupp (TK) Tallent comes only two months after it announced a further 40 potential redundancies as it restructured its operation in the face of the economic downturn.

The Newton Aycliffe-based company, which employs more than 900 workers, said the move was due to “the challenges of the current economic climate (which) have resulted in a significant reduction in sales demand,”

Unfortunately, we are likely to see more of these headlines, particularly relating to manufacturers involved in the automotive or construction supply lines.

Read the full story at The Northern Echo 

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