Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
LONDON - British company Leyland Trucks said Thursday it would cut about 250 jobs, or a fifth of its work force, blaming a dramatic drop in demand.
| PCAR | 30.98 |  -1.06 |
The PACCAR Inc. subsidiary said the move was prompted by a crash in the market for heavy trucks across Europe.
It also said its factory in Leyland, in northern England--which has been producing trucks for 116 years--would double the length of its Christmas break to two weeks.
Leyland Trucks Ltd., founded in 1896, makes about 17,000 trucks annually. Its vehicles can be found hauling cargo on roads from Western Europe to North America.
It was acquired by Bellevue, Washington-based PACCAR, the world's No. 2 maker of big rig trucks, in 1998. Daimler Trucks North America is its larger rival, according to Hoover's Inc.
___
On the Net:
You've heard the talk of "Green" throughout the whole of 2008, bu...
Lenovo, with its IdeaPad line series is previewing Y-Series IdeaPad Y650 laptops at CES in Las Vegas together with other new Ideapad Y-series.
Yesterday's ADP Non-Farm Payroll figure in the U.S. indicated a spike in unemployment that may be much higher than nearly anyone expected.
Cisco will unveil new consumer products and initiatives during apress conference at the 2009 ...
Get your next web design project done with our los angeles web design team - Best web design with great price.
Buy Real Estate, Tax Liens, and more- Fund your business or franchise without debt
Building your business and corporate credit for your small business.
Partners   
|
© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
