CF closes Basildon
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CRANE FRUEHAUF is to close Basildon. factory — despi efforts to reduce operating cm the company has continued make substantial trading lossi and even in bouyant marl conditions Basildon has found hard to achieve satisfactd profit margins.
The group has been able offer support in the past but the present economic clime such potential drains on limiti resources can only endanger ti viability of the group as a who
Manufacture of the Rigids Pr ducts range is to be transfem to the branch operations n( work. This will enable the cor pany to continue trading in Itsection of the market and me forecast levels without runnir up the high costs levels ass ciated with the Basildon plan
Where possible Basildon er ployees will be offered altem tive employment at other loc tions, but most of the curre workforce will be made redu dant from November 21.