Vion Food UK is set to close its loss-making Hall's of Broxburn pork processing plant in West Lothian, Scotland, a move which will lead to a loss of 1,700 jobs. Vion Food, which rejected two offers for the site, stated that neither of the ...
Tags: pork processing plant, alternative employment, struggling food firm
Schnitzer Steel Industries Inc announced its market outlook for its first quarter of fiscal 2013. During the first half of the quarter, both export and domestic sales prices for ferrous metals dropped approximately USD 50 per ton from ...
Tags: Schnitzer Steel, ferrous, auto parts
Ireland-based food company ABP Food is set to shut down its Freshlink sausage facility in Glasgow,Scotland,early next year,a move which will lead to a loss of 150 jobs. The factory,which represents the ABP Food's UK sausage division ...
Tags: sausage facility, jobs, frozen sausage
Potential buyers of Vion Food's pork processing plant in UK are being evaluated and talks are ongoing with the owners, according to Scottish government's finance secretary John Swinney. The second meeting of the Hall's of Broxburn ...
Tags: pork processing plant, the struggling food firm, significant investments
Citigroup is cutting 11,000 jobs,many in IT,as part of a restructuring announced Wednesday. The job cuts are part of a plan to save about$900 million through a variety of actions,including"increasing standardization and the use of ...
Tags: Citigroup, job cuts, IT, automated processes
THE WOODLANDS, Texas — Furniture, electronics and appliance retailer Conn's posted net income of $11.8 million or 35 cents per share in its fiscal third quarter as higher margins and a strong furniture and bedding business continued ...
Japanese heavy machinery manufacturer Mitsubishi Heavy Industries (MHI) is planning to relocate its forklift truck production in Almere, Netherlands. Under the plan, Mitsubishi Caterpillar Forklift Europe (MCFE), a manufacture of ...
Tags: heavy machinery manufacturer, Mitsubishi Heavy Industries
The Egyptian Government has allocated E£ 300 million for revival of textile companies, especially spinning and weaving units. The Government headed by Prime Minister Dr. Hisham Qandil is keen to revive the textile spinning and ...
Tags: textile sector, textile market, textile industry, weaving units
Clariant, a world leader in specialty chemicals, announced sales of CHF 1.923 billion in the third quarter 2012, up 3% compared to CHF 1.865 billion in the previous-year period. In local currencies, sales were 3% lower. In the third ...
Tags: Specialty chemicals firm, chemicals firm, sales, chemical industry
Owens Illinois, a glass bottles firm, has predicted a gloomy outlook with respect to the demand due to a poor wine market in Australia. Pending sales contracts, reportedly with Foster's and Lion Nathan, in addition to stretched union ...
Tags: glass bottles, wine market, bottle maker
Freshlink Foods is planning to close its frozen sausage factory in Glasgow, Scotland, putting nearly 145 jobs at risk. The company has initiated a 90-day consultation period with its workforce about the future of the plant. According to ...
Tags: frozen sausage factory, future of the plant, leading food processor
Packaging papers manufacturer in Australia PaperlinX is set to implement restructuring and cost reduction initiatives in its businesses in the UK, in a bid to cater to the ongoing depressed trading conditions in Europe. The company will ...
Tags: Packaging, diversified range of products, depressed trading
Fifty third Annual General Meeting of South India Mills' Association (SIMA) was addressed by Chairman Mr. S. Dinakaran. Meeting speech of Mr. S. Dinakaran: The year 2011-12 witnessed a significant slowdown in textile production mainly ...
Tags: textile sector, raw material prices, textile market, textile industry
General Motors (GM) has reported a net income of $1.5bn, or $0.89 earnings per share, for the third quarter of 2012, compared to $1.7bn, or $1.03 earnings per share, for the same period in 2011. For the third quarter of 2012 the company's ...
Tags: GM, net income, decline
The Chinese government has approved the split of joint venture (JV) of Ford, Mazda and their Chinese partner Changan as part of Changan Ford Mazda Automobile’s (CFMA) restructuring plan. The approval allows the three way JV to ...
Tags: Ford, Mazda, restructuring plan