Friday, September 19, 2008
Will these companies be “bailed out” ?
Brick production in the UK is set to drop to its lowest levels since the 1940s, according to industry experts. Two of the biggest companies, Ibstock and Wienerberger, have announced that they are closing plants and axing jobs. They blame the pressures of the credit crunch and the downturn in the housing market resulting in fewer builders buying bricks.