Wagon, which employs more than 500 people in the UK, is set to appoint administrators for its British operations this week after car makers cut orders for Wagon's vehicle components. BA said yesterday that it would cut more than 100 jobs at Gatwick airport as part of a plan to reduce services there by 15 per cent from the middle of next year. The cuts to ground staff will be made voluntarily as aircraft based at Gatwick are reduced from 41 to 37, the airline pledged.
The company, controlled by Wilbur Ross, an American rich businessman did not manage convince the banks to lend him more money. Banks like Royal Bank of Scotland or Lloyds TSB refused to support the company with another 12 million euro. The company, with headquarters in Birmingham has 6300 employees globally and declared that UK employees have every chance to be fired. However, the company holds that its other factories in Spain, Romania, Italy or Turkey might continue their activities.
The company, with headquarters in Birmingham has 6300 employees globally and declared that UK employees have every chance to be fired. However, the company holds that its other factories in Spain, Romania, Italy or Turkey might continue their activities.
...Even though Dacia registered a success in its exports this does not compensate with the general decrease of the car market in Europe, the company informs... In Romania, the car market registered a 50% decrease in November 2008 and in the same month, Dacia sold 4698 cars on the internal market, a 52% decrease as compared to the similar month, last year. Starting July 2008, second hand imports increased in Romania: in November alone, there were 50 912 requests for officials to verify second hand cars. The number of requests received after July 1, 2008 increased to 217 510. Most requests target cars that are at least 10 years old.
In Romania, the car market registered a 50% decrease in November 2008 and in the same month, Dacia sold 4698 cars on the internal market, a 52% decrease as compared to the similar month, last year.
Starting July 2008, second hand imports increased in Romania: in November alone, there were 50 912 requests for officials to verify second hand cars. The number of requests received after July 1, 2008 increased to 217 510. Most requests target cars that are at least 10 years old.
(Dacia is a car manufacturer in Romania that started with license production of a Renault model in 'communist' times.) *Lunatic*, n. One whose delusions are out of fashion.
Job losses in the services industry are expected to accelerate after business slumped in the three months to November, a Confederation of Brit-ish Industry (CBI) report shows. Consumer and business services companies were both hit hard by falls in volumes and profitability as customers reined in their spending.
