CBI warns of more job losses

CBI warns of more job losses
Alex Mayhew-Smith The Confederation of British Industry (CBI) has said manufacturing jobs are being shed in the UK at the fastest rate for six years. The CBI said 52 per cent of manufacturers were cutting jobs and only ten per cent were taking on staff. “Over the coming four months manufacturers expect to continue shedding jobs, but at a slower rate,” warned the CBI, although confidence is at its highest since the beginning of the year.


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