BROADBENTS CUT JOBS AND WAGES; 18 go, pay down 10% and 4-day week extended.Byline For the use of the term in football (soccer), see Byline (soccer). The byline on a newspaper or magazine article gives the name, and often the position, of the writer of the article. : HENRYK ZIENTEK DRASTIC DRASTIC Diffuse Reflectance Absorbance Spectroscopy Taking in Chemometrics (approach for rapid screening of metabolite overproduction) cuts are on the way - to save a Huddersfield Huddersfield, city (1991 pop. 147,825), Kirklees metropolitan district, N central England, on the Colne River. Its textile industry, including cotton, woolen, and rayon goods, is important. Other products are machinery, iron goods, chemicals, and dyed fabrics. factory's future. Eighteen workers at Thomas Broadbent's engineering plant at Queen Street South will lose their jobs and dozens of their workmates will go on a four-day week. And every single one of the 140-strong workforce, ranging from shopfloor staff to directors, is poised to shoulder a pay cut averaging 10%. It is a move aimed at helping the firm - one of Huddersfield's longest-established engineering businesses ride out the recession. The firm, which makes equipment for various industries, is also hoping for good news on plans for the future. It also wants to sell off a huge chunk of the site to retail giant Asda and to consolidate Consolidate To combine the assets, liabilities, and other financial items of two or more entities into one. Notes: This term is generally used in the context of consolidated financial statements. on one side of Queen Street South. Managing director Simon Broadbent spelled out the drastic moves after informing staff. He said the cutbacks had been decided after a companywide ie Mr Broadbent said excess capacity around the world due to lower demand for finished products meant companies were not investing in new equipment. "Potential customers are holding back on any capital investment for the time being. "We have to wait until the recession is properly over and people are confident enough to invest again." The jobs will go over the next four weeks and the short-time working is expected to last until at least the end of the year. . Full story - Page 2 |
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