first_img whatsapp Weir Group share price falls as engineering firm plans to cut 350 jobs in efficiency drive Tags: Company Weir Group whatsapp Show Comments ▼ Sharecenter_img Engineering firm Weir Group will close five of its manufacturing facilities and cut around 350 jobs in 2015, the company announced yesterday in its third-quarter results. A group-wide review undertaken with the aim of identifying opportunities to reduce costs “while aligning resources globally to capture end market opportunities”. In addition to the plant closures, Weir plans to consolidate a number of its service centres, and make “other workforce reductions”. A spokesman said this would result in a reduction of headcount by about 350.Weir said in the interim statement that its full-year expectations were unchanged, with revenues and operating margins in line with third-quarter forecasts. Chief executive Keith Cochrane said: “While the global economic and end-market outlook remains uncertain, our strong competitive positioning enables us to continue to invest through the cycle to deliver sustainable, profitable growth. We’ve also continued to make good operational and strategic progress in the third quarter, taking actions to further improve efficiencies.” Weir’s share price fell by 3.4 per cent yesterday. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRelated ArticlesThe Best 80 Inch 4k TV For Under $2,000Top 10 Date Night In Movies & Films Of All Time10 Amazing RVs You Won’t Want To Missby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comYahoo! SearchResearch Car Donation For CharitiesYahoo! SearchThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorGameday NewsNBA Wife Turns Heads Wherever She GoesGameday News Caitlin Morrison More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Tuesday 4 November 2014 7:53 pmlast_img

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