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Youngman subsidiaries to close

19th January 1968
Page 27
Page 27, 19th January 1968 — Youngman subsidiaries to close
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Which of the following most accurately describes the problem?

W. C. YOUNGMAN LTD. has decided to close two of its subsidiary companies, Redhill Bodybuilding Industries Ltd. and R.B.I. (Stockists) Ltd., of Three Bridges. This follows the decision to reorganize the whole of the company, and the closures will be carried out by January 31.

Over 60 men will be made redundant, although the company is doing all it can in conjunction with the Ministry of Labour and the National Union of Vehicle Builders to try to ensure that the men will have jobs to go to.

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