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JCB warns of 290 job losses as markets deteriorate

By Alan Jones

JCB has warned of up to 290 job losses amid a "rapid deterioration" in world construction equipment markets.

The machinery giant said a slowdown which started in the summer had led to a big fall in orders.

The 290 shop floor jobs at risk are spread across the firm's 11 plants across the UK and are in addition to an announcement in September of a possible 400 staff job cuts.

The company employs around 6,000 workers in the UK, making over 300 different products.

JCB chief executive Graeme Macdonald said: "Manufacturers in the construction equipment industry are currently facing very tough trading conditions and we have to react to the current market reality."

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