Category: closure
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Pratt & Whitney postpones closure of Israels BTL
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Two years after US aerospace manufacturer Pratt & Whitney announced the closure of the Israeli factory Blades Technology (BTL), the situation on the ground has changed. It was expected that 900 employees would be laid off at the Nahariya factory. But a source close to the matter told Globes that…
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Pratt & Whitney postpones closure of Israels BTL
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Two years after US aerospace manufacturer Pratt & Whitney announced the closure of the Israeli factory Blades Technology (BTL), the situation on the ground has changed. It was expected that 900 employees would be laid off at the Nahariya factory. But a source close to the matter told Globes that…
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Business secretary under fire over delayed talks as Vauxhall confirms Luton closure
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The Business Secretary is facing accusations of failing to engage fully with Vauxhall’s parent company Stellantis ahead of its decision to close its Luton truck manufacturing plant – a move that puts up to 1,100 jobs at risk. Critics claim the government neglected to maintain meaningful dialogue for months despite…
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Mencap warns National Insurance rise could force closure of care services
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Mencap, one of Britain’s leading charities supporting people with learning disabilities, has warned that it may have to close at least 60 of its services due to mounting cost pressures following the budget changes announced. The organization says the rise in employers’ National Insurance contributions, combined with a sharp increase…
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Stellantis chief quits following fallout over Luton van factory closure
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Carlos Tavares, CEO of automobile giant Stellantis, has resigned from his position with immediate effect following reports of disagreements with group chairman John Elkann. The announcement comes just days after Tavares ordered the closure of Stellantis’ Vauxhall van factory in Luton, putting 1,000 jobs at risk. The decision to close…
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Alliance Tires faces layoffs, closure
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Alliance Tires in Hedera, owned since 2016 by Japan’s Yokohama Rubber Company, is poised for a major wave of layoffs and could even close, 75 years after its founding, Globes has learned. The owner is looking for cheaper production alternatives and lower shipping costs, with most of the production being…
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Alliance Tires faces layoffs, closure
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Alliance Tires in Hedera, owned since 2016 by Japan’s Yokohama Rubber Company, is poised for a major wave of layoffs and could even close, 75 years after its founding, Globes has learned. The owner is looking for cheaper production alternatives and lower shipping costs, with most of the production being…
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Budget tax rise puts two in five UK hair salons at risk of closure, warn industry leaders
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The UK hair salon industry faces an uncertain future, with two in five salons at risk of closing due to rising staffing costs outlined in last month’s Budget. Industry leaders, including Carla Whelan, chief executive of Regis and Supercuts salon groups, have expressed concerns about the “devastating” impact of increased…
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145 factories face closure over Nairobi River pollution
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The Ministry of Environment has warned that it will close 145 factories and slaughterhouses over dumping solid waste into the Nairobi River. This comes as Cabinet Secretary for Environment, Aden Duale, announced the recruitment of 10,000 youth to clean up the polluted Nairobi River. Duale told the National Assembly’s Defence,…
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Volkswagen shares down after possible Brussels plant closure, profit warning By Reuters
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FRANKFURT (Reuters) – Shares of Volkswagen fell 1.5 percent in early Frankfurt trading after Europe’s largest carmaker issued a profit warning late on Tuesday over accusations related to the possible closure of an Audi plant in Brussels. Volkswagen said the costs of finding an alternative use for the Brussels plant…
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Dragons’ Den star Peter Jones’ camera chain Jessops faces closure over unpaid taxes
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Jessops, the 89-year-old camera retailer owned by Dragons’ Den star Peter Jones, is on the verge of closure after HMRC issued a winding-up petition for the company over non-payment of taxes. The development marks a critical turning point for the struggling retailer, which has entered administration three times in the…
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Labour Appeals to Tata Steel to Postpone Port Talbot Closure Amid Strike Threat
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Labour politicians are calling on Tata Steel to refrain from making irreversible decisions before next week’s general election. The Indian company recently announced that it plans to accelerate the closure of blast furnaces at its Port Talbot plant due to an impending industrial strike. Tata Steel, Britain’s largest steelmaker, has…