Monday, November 3, 2008

forcing it to axe 1,400 jobs.

Autos lower as downturn bites

Automobiles & Parts in the doldrums, a week after the engineer warned on full-year profits. The firm, which relies on the automotive sector for two-thirds of its revenues, said annual profit will plunge 20% this year, forcing it to axe 1,400 jobs.

Posted by mark @ 02:35 PM (399 views)
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