IMI may move production overseas
Wednesday 03 September 1997
IMI, the engineering group, warned it was considering moving some of its production away from the UK if the pound continued its rise against the mark and the dollar. The group also said it would sack another 300 workers around the world in the second half of the year, following 900 redundancies in the past six months, as part of a large-scale cost-cutting program. IMI pleased the market by announcing a rise in operating profits to pounds 70.4m (pounds 67.2m) despite a pounds 10m hit due to the strong pound and its shares rose 18p to 358.5p. Investment column, page 20
Diving in at the deep end is no excuse for shirking the style stakes
- 2 Why I'm on the brink of burning my Israeli passport
- 4 War is war: Why I stand with Israel
- 5 Blackest is the new black: Scientists have developed a material so dark that you can't see it...
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
Emergency data law: David Cameron plots to bring back snoopers’ charter
NUT strike: David Cameron announces crackdown on strike action ahead of mass industrial action
iJobs Money & Business
£70000 per annum: Harrington Starr: Information Security Manager (ISO 27001, A...
£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...
£60000 per annum: Harrington Starr: Trade Desk Specialist (FIX, Linux, Windows...
£35000 per annum: Harrington Starr: Service Desk Analyst (Windows, Active Dire...