Job cuts warning

Monday 14 September 1998 23:02 BST

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Job cuts warning

BRITISH POLYTHENE Industries yesterday warned further jobs cuts could be necessary at the packaging group, which has closed or disposed of five sites and declared 500 redundancies since January. Cameron McLatchie, chairman, said the first-half results, which saw a 1.8 per cent rise in pre-tax profits for six months to 30 June 1998, were a good performance in a difficult market, with the strength of sterling, reductions in raw material prices and the wet summer all affecting trading.

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