There has been more depressing news on the job front today, with JCB and Wedgwood confirming many job losses, and more redundancies likely at Wincanton and Land of Leather.
JCB has announced that it is making another 700 jobs redundant across the UK, following the 1,000 jobs that went last year. The company is blaming the lack of credit available to its customers for a severe drop in the number of order for its diggers and other machinery, reporting that its total business was down 75% on the same period last year.
The jobs will be lost from several of its UK plants, including the headquarters at Rocester, as well as in Rugeley and Uttoxeter, amongst others. The 700 jobs represent around 15% of its total UK workforce, so this is a big move for JCB.
In further job news, Wedgwood has confirmed that 367 workers have lost their jobs following the company going into administration last week, and all will be from its site at Barlaston, Stoke-on-Trent.
Finally on the job front, distribution firm Wincanton has said it is likely to close 2 depots, in Gloucester and Trafford Park, Manchester, putting 875 jobs at risk of redundancy. The closures are likely to place after Wincanton agreed to sell a majority share to its rival, Culina.
In our last Recession Watch item today, sofa retailer Land Of Leather has called in the administrators after they failed to sell the firm or find any extra money. The company employs 850 people and has 109 showrooms across the UK.Â
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photo credit: Danny Boy Malinga