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Wens cut staff in 25pc 'slimming diet'
Page 6
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cent cut across the board, and includes production-line, administrative, and managerial staff,
He pointed out that, while Fodens have increased penetration in the six and eight-wheel ranges, and the tractive unit market is beginning to respond, it was still to be seen in the context of a falling market.
Demand for rigids is falling substantially, and Fodens see no prospect of this trend being reversed in the foreseeable future. THE FIRST big casualty in the current recession is Fodens Ltd which has announced a 25 per cent cut in its workforce. Other manufacturers are still operating on short-time working, and more redundancies are in the pipeline.
According to Fodens' marFodens' results are due to be keting manager, Richard announced next month, but it Phillips, the 630 cut in the expects to show an appreciable workforce to 1900 is the final improvement by November. stage of a "slimming diet" to The redundancies take effect achieve consistent profitability. in 90 days from this week, but Last year, 250 were made staff in receipt of notice will be redundant. retained if others resign during Mr Phillips told CM that the the 90-day period. company embarked some time There are signs of mild slim ago on a policy of reducing ming at Leyland Vehicles. It has overheads, and that this is the not been affected seriously to last stage. It means a 25 per date, but a statement on cutbacks was expected this week, after CM went to press.
Seddon Atkinson and EFiF are still working three-day weeks, while Ford's position remains unchanged. Its annual shutdown period, from July 28 to August 15, has been extended by nine working days.
Dodge is still unaffected, but is reviewing the situation constantly, and Volvo Trucks (Great Britain)Ltd has full employment at its Irvine plant and is working normally.