The latest survey from the EEF has dispelled any hopes of a quick revival for UK manufacturing and reveals 140,000 people in the industry are now likely to lose their jobs in 2009.
The first quarterly survey from the manufacturers’ organisation of this year also found historically low figures for output and orders – they are -39% and -54% respectively. A weakened pound has done no favours for exporters; orders from overseas are down to -43% from -10% in quarter four of 2008. And domestic orders continue to…
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