Viasystems axes 850 Tyneside jobs

The cuts, which shocked unions and will be seen as a further blow to manufacturing in the region, include the loss of up to 525 jobs at the Viasystems plant at Longbenton, north Tyneside. The plant's former owners received pounds 17m of public funds to finance expansion only five years ago. Wit...

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Bibliographic Details
Published inThe Guardian (London)
Main Author Gibbs, Geoffrey
Format Newspaper Article
LanguageEnglish
Published London (UK) Guardian News & Media Limited 04.09.2001
Subjects
Cost reduction
Layoffs
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Summary:The cuts, which shocked unions and will be seen as a further blow to manufacturing in the region, include the loss of up to 525 jobs at the Viasystems plant at Longbenton, north Tyneside. The plant's former owners received pounds 17m of public funds to finance expansion only five years ago. With a further 325 jobs facing the axe at Viasystems' south Tyneside plant at South Shields, unions said the cuts underlined the fragility of manufacturing throughout the country. The plants' owners blamed the job losses on the "significant and continu ing downturn" in the global electronics market.
ISSN:0261-3077