Monday, July 14, 2008

HPC Collateral Damage hits Construction Equipment Market

JCB axes 500 manufacturing jobs

Fallout from the debt financed construction sector hits top UK manufacturer who do not expect to see any signs of a recovery until late 2009 at the earliest.

Posted by enuii @ 06:19 PM (601 views)
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2 thoughts on “HPC Collateral Damage hits Construction Equipment Market

  • This is a good product that’s just got 20% cheaper around the world.

    Very sad, I’m sure all is being done to generate business around the world.

    Our tax money should be going to give companies like this help in hard times with their international marketing effort, not squandered on banks.

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  • Letsgetreadytotumble says:

    The company that supplies their hydraulic pumps (had been manufacturing the same quality product for decades under various company names) was bought by an American outfit who moved the factory to former east Germany, and sacked about 200 people in the UK. The company had a full order book and I suspect it was viable. I suppose there was some sort of financial deal with the move. This sort of thing has helped our demise.

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