Anglo-Norwegian engineering and construction group Kvaerner has saved 1,500 jobs at its sub-sea equipment plant in Kirkhill. The company said it has negotiated an extended loan until the end of this year, as talks on long-term financing continue.
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Anglo-Norwegian engineering and construction group Kvaerner has saved 1,500 jobs at its sub-sea equipment plant in Kirkhill. The company said it has negotiated an extended loan until the end of this year, as talks on long-term financing continue.
Smiths Group said it has been “submerged” with requests for its security products after the terrorist attacks, despite its core customer Boeing slashing more than 30,000 jobs. It said demand for its products that detect chemical agents has risen in the US and the Middle East.
Three-quarters of European companies experience delays in receiving imported goods, either finished or component, while 79 per cent experience delays in exporting goods, according to a recent logistics survey, writes David Arminas.
Japanese electronics and semi-conductor maker Toshiba is to cut 17,000 jobs in Japan and 1,800 elsewhere, while expanding output in overseas markets. However, UK jobs are believed to be secure. The announcement comes as the firm forecast a loss of about £700 million, its largest ever.
Napp Pharmaceuticals has won a temporary reprieve from having to comply with an Office of Fair Trading order to cease anti-competitive practices.