Union representatives will meet directors at Europe-based appliance maker Indesit over the company’s plans to shed up to 170 jobs.
GMB union organizer John Torpey confirmed further talks would be held in a bid to minimize redundancies during the 90-day statutory consultation.
Indesit, which employs around 1,000 people at its plant in Grindley Lane, Blythe Bridge, wants to eliminate the jobs due to a recent decline in demand for cookers in the United Kingdom. (The Sentinel)
Merloni Elettrodomestici continues growth in the first half of 2003 as well, with sales up 26%, gross operating margin up 27% and profits before tax up 12% compared to the first half of 2002.
Merloni of Italy, Europe’s third-biggest maker of domestic appliances, plans to overtake the market share of its two biggest rivals in the next three years, partly by exploiting its new large development and manufacturing base in the UK.
Widely reported this morning is that Indesit Company said it expects its full year EBIT to reach around 190 million Euros, up from 160 million in 2006, with sales rising about 5% from 2006’s 3.249 billion. The forecasts were included in a slide presentation for analysts after the company earlier …