Thursday 23 May 2013
Train-making company Bombardier is set to announce big job losses at its UK plant after losing out on a new carriage order.
Bombardier, a sister company of Bombardier Shorts in Belfast, will hold a media briefing at which it is feared it will announce up to 2,000 job losses among its 3,000-strong workforce in Derby.
Bombardier lost out to Siemens of Germany for a contract for 1,200 carriages as part of a £5m upgrade of the Thameslink rail route.
Public sector borrowing dipped to £6.3bn in April to give the Government breathing space in attempts to slash the deficit.
The UK's manufacturers are still struggling to recover from the economic downturn but remain hopeful about prospects improving soon, figures have shown.
The German IT firm SAP wants to employ people with autism to give itself a competitive advantage over its rivals.
THE International Monetary Fund warned Chancellor George Osborne the UK is "still a long way from a strong and sustainable recovery", sending the pound tumbling against the dollar.
Warning: HSBC chief economist Simon Wells
THE UK's state-backed banks will not have to tap investors for extra cash as they attempt to shore up their balance sheets in case of future financial shocks.
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