Fourteen new trains are to be built at a Hitachi factory in County Durham, securing hundreds of jobs. The plan saves 700 jobs with a £500 million investment for the Newton Aycliffe site. The factory and its workers faced an uncertain future with a looming break in their order book before work began. HS2 (High … Read more
Bosch to cut up to 5,500 jobs due to slow sales of electric vehicles and competition from Chinese imports. It is the latest blow to Europe’s auto industry after Volkswagen and Ford announced thousands of job cuts last month. Cheaper electric cars made in China have made it harder for European manufacturers to remain competitive, … Read more
The governor of the Bank of England said industry lobby group the British Retail Consortium (BRC) was right to warn of job losses resulting from the Budget. There is a “risk” of rising unemployment due to increases in employers’ national insurance contributions and increases to the minimum wage announced by Chancellor Rachel Reeves last month, … Read more