1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160 
P RECESSION
Page 9
If you've noticed an error in this article please click here to report it so we can fix it.
Wincanton financi al performance mic downturn'
will refLect lecono By Joanna Bourke LOGISTICS GIANT Wincanton has admitted it is not immune to the effects of the economic downturn. The company warns that for the six months ending 4 February, its financial performance is likely to be at the lower end of predictions as the firm suffers from a slump in volumes in construction, home delivery services and recycling.
Chief executive Graeme McFaull says: "We have moved swiftly to take cost out of our more volume-sensitive operations and reposition the group for a much more challenging economic environment, "We will not be immune to the effects of the downturn, but are encouraged by the resilience of the majority of our business." In December 2008, it emerged that Wincanton is to close its distribution sites , in Gloucester and Trafford Park with the loss of up to 865 jobs ('Unions step in to fight Wincanton job losses', CM 11 December 2008).