Brammer to axe 170 jobs in cost cutting drive

INDUSTRIAL maintenance, repair and overhaul specialist Brammer is cutting 170 jobs as part of a cost reduction programme to save £5m.

The reduction in headcount of the Knutsford, Cheshire, business is expected to cost Brammer up to £4m in exceptional costs.

In its half year trading update, the company said revenues would be up, but profits would be lower than in the first half of 2014, reflecting testing market conditions and foreign exchange headwinds.

The company reported strong sales in sales p... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...

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