Sheffield based construction material manufacturer and supplier SIG has announced it is to shut six of its 12 factories and lay off another cluster of staff in the latest round of its unforgiving cost cutting initiative.
The insulation and roofing interior specialist, a FTSE 250 company, recorded a pre-tax loss of £9.2m in the first six months of 2009, down from £55.7m in the six months prior. It has made 980 employees redundant since the beginning of the year so far and will cut a further 300 with this latest announcement.…
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