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Job losses as Concargo scales down

27th September 1990
Page 16
Page 16, 27th September 1990 — Job losses as Concargo scales down
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Which of the following most accurately describes the problem?

• Concargo has been bought by its management and is closing its insulated panels business, making 16 redundant, "because of the downturn in demand for insulated bodies", says sales director Nigel Brown.

Concargo will continue to manufacture GRP mouldings. LI Lincolnshire bodybuilder Metalair has bought Steventon Engineering of Didcot, which specialises in tanker rebuilds and builds around 20 new units a year.

Steventon has ended its agency agreement with Spitzer tankers and Steventon's head Ken Fisher will become sales director at Metalair.