Jobs in Peril As Industrial Orders Drop

Summary


MANUFACTURERS are sharpening the axe for a new round of job cuts after output and orders shrank for a fourth straight month.

While the UK economy slides into a recession, the manufacturing sector is leading the way with steep declines in new work and production levels, according to the Chartered Institute of Purchasing and Supply/Markit monthly survey.

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Extract


Jobs in Peril As Industrial Orders Drop

'Reports of job cuts were widespread in August, with almost one in five companies seeing e...

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