JCB considers cuts

JCB has started a consultation process with staff over proposed redundancies following a rapid deterioration in world construction equipment markets. The slowdown in recent weeks has been marked, particularly in the emerging markets, resulting in a sharp fall in machine orders. As a result, JCB has today briefed employees that up to 400 staff positions are now at risk in the UK, although it will attempt to minimise the impact by considering voluntary redundancies. JCB CEO Graeme Macdonald said: “Market conditions in the construction equipment sector have been difficult for…

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