Engineering business Weir Group is set to close five of its manufacturing facilities in 2015, cutting roughly 350 jobs, it was announced yesterday following the firm's third-quarter results.
Bosses at Weir also plan to merge several service centres, which is also likely to result in job reductions. The plans are a result of a group-wide review to identify ways to cut costs. In its interim statement, Weir said that its full-year expectations remained the same, with revenues and operating margins aligned with third-quarter…
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