BOC to axe 5,000 jobs globally

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The Independent Online
BOC, is to axe almost 5,000 jobs worldwide to improve profitability and shield itself against a trading slowdown, the industrial gases group confirmed yesterday. The City welcomed the pounds 267m restructuring and the share price moved swiftly upward, but unions called for urgent meetings. However, there was relief in the UK that the axe will fall on only 500 domestic jobs after speculation the number would be twice as large.

Investment, page 17