3,300 new UK jobs lift gloom
Tuesday 06 October 1998
Prudential is to set up a direct banking and assurance business in Derby, creating 1,500 jobs in three years.
Computacenter confirmed an alliance with Microsoft that will provide 1,000 new jobs, 900 of them in the UK.
MCI Worldcom, the US telecoms group, will today announce plans to create 600 UK jobs in the next year as it attempts to take on BT.
Finally, Sonae Industries of Portugal unveiled plans to build a pounds 70m factory on Merseyside to manufacture particleboard, creating 220 direct jobs. Another 700 will be created in related industries, while building the factory itself will provide 800 jobs.
Peter Mandelson, the Trade and Industry Secretary, welcomed the Computacenter and Sonae decisions to invest in the UK.
The Sonae plant will receive pounds 4.85m in government grants. It will be the first particleboard factory built in the UK for 15 years.
Computacenter, the IT systems and services group floated earlier this year, said the 900 jobs would be created at its offices in London, Manchester, Edinburgh, Glasgow, Birmingham, Bristol and Reading. They are in addition to 625 jobs created earlier in the year.
The 1,500 Prudential jobs will be created over the next three years at a purpose-built call centre which opens for business on Sunday. The direct banking initiative is called Egg.
Some economic bad news emerged, however. The Glasgow-based pumps group, Weir, said it was switching component orders from the UK to suppliers in Brazil and Romania, partly because of the strength of the pound.
The group would not say how much business would be taken away from UK suppliers, but said that the move was expected to yield "substantial" cost savings.
The components involved are castings, electric motors, gear boxes and fabrications.
Sir Ron Garrick, the chief executive of Weir, said that the group would continue to buy from its existing suppliers as long as they could match the prices of suppliers from outside Europe.
The announcement was offset by news of a pounds 14m investment in new manufacturing technology which will safeguard 1,200 Weir jobs in Glasgow, but will not create any new employment.
Pru's new Egg, page 17
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- 2 Pope Francis issues top 10 tips for happiness
- 3 Disney heiress Abigail disowns her share of family profits in West Bank company
- 4 The secret report that helps Israel hide facts
- 5 Now diplomacy has failed, boycotting Israel might be the only way we can protect the people of Gaza
Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
Pope Francis issues top 10 tips for happiness
Justin Bieber posts Instagram photo of Orlando Bloom crying after Ibiza fight 'over Miranda Kerr'
Disney heiress Abigail disowns her share of family profits in West Bank company
Kelsey Grammer forgives the man who raped and murdered his sister in 1975
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
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