The GMB union said the closure would have a "devastating affect" on the workforce and local economyReuse content
CONTINENTAL TYRES, the fourth-largest tyre maker in the world, yesterday announced the closure of its Newbridge plant near Edinburgh. All 774 workers will be made redundant. The German-owned company blames the move on market conditions. Stewart Segrott, operations director at the Newbridge plant, said: "The plant has incurred losses of almost pounds 30m over the past five years and this situation is compounded by the strength of the pound."