Claremont axes 10% of staff on a day of redundancies

More than 800 redundancies were announced yesterday as three companies unveiled big shake-ups. Marks & Spencer supplier Claremont Garments is cutting more than 500 jobs - equivalent to almost 10 per cent of its workforce - after a poor year during which sales were affected by the hot summer and weak consumer confidence.

The radiator-maker Barlo is axing 180 jobs after difficult trading conditions in the UK and Continental Europe affected profits.

Elsewhere, the chemicals company Albright & Wilson has announced 80 redundancies. The jobs will go in the group's Birmingham head office and speciality chemicals business, where profits have fallen. The company is making a provision of pounds 5m to cover the cost of the redundancies.

The redundancies come just two days after Manpower, the employment agency, warned that the outlook for jobs growth in the next three months was the worst for more than three years. The agency also predicted that the problems in the jobs market and an increase in the spread of temporary and part- time work would unsettle the Government's hopes of a consumer-led revival in the economy later this year.

Claremont Garments, which supplies lingerie and outerwear to M&S, is undertaking "a fundamental review of its operations" after announcing a 10 per cent fall in profits to pounds 14.5m yesterday. The slump was due to a fall in sales in the second half of the year, when trading was affected first by the hot summer and then the mild autumn. A pick-up in sales in November and December failed to make up the lost ground. The company's margins were affected as it cut prices in an effort to stimulate sales.

Claremont, which supplies more than 90 per cent of its garments to M&S and keeps most of its manufacturing in Britain, is now considering the future of some of its 30 sites, with some closures a possibility. The chairman, Peter Wiegand, said: "We have to concentrate on our most efficient centres." The restructuring will cost pounds 6m, which will be charged against this year's profits.

The company added that while it remained committed to UK manufacturing, it would shortly sign a joint venture to take a 55 per cent stake in a Moroccan company that makes childrens' wear. The company already manufactures in Romania, China and Lithuania but says it expects overseas production to account for no more than 15 per cent of sales.

Claremont's order book for this year is up on 1995, with ladies' sports, dresses and lingerie particularly strong. However, margin pressures are continuing. The shares, which stood at more than 330p last year, fell 1p to 242p.

Arts and Entertainment
Flora Spencer-Longhurst as Lavinia, William Houston as Titus Andronicus and Dyfan Dwyfor as Lucius
theatreEXCLUSIVE The Shakespeare play that proved too much for more than 100 people
News
A 1930 image of the Karl Albrecht Spiritousen and Lebensmittel shop, Essen. The shop was opened by Karl and Theo Albrecht’s mother; the brothers later founded Aldi
people
News
exclusivePunk icon Viv Albertine on Sid Vicious, complacent white men, and why free love led to rape
Arts and Entertainment
booksThe best children's books for this summer
PROMOTED VIDEO
Arts and Entertainment
Stir crazy: Noel Fielding in 'Luxury Comedy 2: Tales from Painted Hawaii'
comedyAs his surreal series returns, the comedian on why mainstream success scares him and what the future holds for 'The Boosh'
Arts and Entertainment
'Weird Al' Yankovic, or Alfred Matthew, at the 2014 Los Angeles Film Festival Screening of
music‘Weird Al’ Yankovic's latest video is an ode to good grammar. But what do 'The Independent’s' experts think he’s missed out?
Sport
Colombia's James Rodriguez celebrates one of his goals during the FIFA World Cup 2014 round of 16 match between Colombia and Uruguay at the Estadio do Maracana in Rio de Janeiro, Brazil
sportColombian World Cup star completes £63m move to Spain
News
news
News
i100
News
people
Sport
Antoine Griezmann has started two of France’s four games so far
sport
Life and Style
techYahoo Japan launches service to delete your files and email your relatives when you die
Life and Style
Child's play: letting young people roam outdoors directly contradicts the current climate
lifeHow much independence should children have?
News
ebookA unique anthology of reporting and analysis of a crucial period of history
Arts and Entertainment
Tycoons' text: Warren Buffett and Bill Gates both cite John Brookes' 'Business Adventures' as their favourite book
booksFind out why America's richest men are reading John Brookes
News
i100
Arts and Entertainment
<p><strong>2008</strong></p>
<p>Troubled actor Robert Downey Jr cements his comeback from drug problems by bagging the lead role in Iron Man. Two further films follow</p>
filmRobert Downey Jr named Hollywood's highest paid actor for second year running
Life and Style
Dale Bolinger arranged to meet the girl via a fetish website
life
Property
Sign here, please: Magna Carta Island
propertyYours for a cool £4m
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Programme Director - Conduct Risk - London

£850 - £950 per day: Orgtel: Programme Director - Conduct Risk - Banking - £85...

Business Analyst (Agile, SDLC, software)

£45000 - £50000 Per Annum + excellent benefits: Clearwater People Solutions Lt...

Finance Manager - Bank - Leeds - £300/day

£250 - £300 per day + competitive: Orgtel: Finance Manager - Accountant - Bank...

Compliance Officer - CF10, CF11, Compliance Oversight, AML, FX

£100000 - £120000 per annum + BONUS + BENEFITS: Harrington Starr: A leading fi...

Day In a Page

Noel Fielding's 'Luxury Comedy': A land of the outright bizarre

Noel Fielding's 'Luxury Comedy'

A land of the outright bizarre
What are the worst 'Word Crimes'?

What are the worst 'Word Crimes'?

‘Weird Al’ Yankovic's latest video is an ode to good grammar. But what do The Independent’s experts think he’s missed out?
Some are reformed drug addicts. Some are single mums. All are on benefits. But now these so-called 'scroungers’ are fighting back

The 'scroungers’ fight back

The welfare claimants battling to alter stereotypes
Amazing video shows Nasa 'flame extinguishment experiment' in action

Fireballs in space

Amazing video shows Nasa's 'flame extinguishment experiment' in action
A Bible for billionaires

A Bible for billionaires

Find out why America's richest men are reading John Brookes
Paranoid parenting is on the rise - and our children are suffering because of it

Paranoid parenting is on the rise

And our children are suffering because of it
For sale: Island where the Magna Carta was sealed

Magna Carta Island goes on sale

Yours for a cool £4m
Phone hacking scandal special report: The slide into crime at the 'News of the World'

The hacker's tale: the slide into crime at the 'News of the World'

Glenn Mulcaire was jailed for six months for intercepting phone messages. James Hanning tells his story in a new book. This is an extract
We flinch, but there are degrees of paedophilia

We flinch, but there are degrees of paedophilia

Child abusers are not all the same, yet the idea of treating them differently in relation to the severity of their crimes has somehow become controversial
The truth about conspiracy theories is that some require considering

The truth about conspiracy theories is that some require considering

For instance, did Isis kill the Israeli teenagers to trigger a war, asks Patrick Cockburn
Alistair Carmichael: 'The UK as a whole is greater than the sum of its parts'

Alistair Carmichael: 'The UK as a whole is greater than the sum of its parts'

Meet the man who doesn't want to go down in history as the country's last Scottish Secretary