Archive for November 21st, 2008
Engineering group Sandvik to cut over 1,000 jobs
Swedish engineering group Sandvik said Thursday it planned to cut 1,040 jobs and reduce production over weakened demand mainly in the automotive and engineering industries.
The group has some 47,000 employees worldwide and operations in 130 countries.
Its core operations include tools for metal-working, machinery and equipment for rock excavation, as well as stainless and [...]
Posted: November 21st, 2008 under Manufacturing News, Steel News.
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Corus steel plant set for shutdown until spring?
CORUS is to halt most production at its Llanwern plant until at least March next year.
It said production will be run down to about ten percent of its current capacity.
But it could not give a cast iron assurance when full production would return - adding that its aim of returning to full production [...]
Posted: November 21st, 2008 under Manufacturing News, Steel News.
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