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WORLD-FAMOUS construction equipment manufacturer JCB announced 400 redundancies yesterday, blaming a dramatic drop in overseas orders.
JCB chief executive Graeme Macdonald said: “Market conditions in the construction equipment sector have been difficult for some time, but they have worsened quite rapidly in recent weeks.”
Government figures show that in the first six months of the year, overseas sales to Russia fell by 70 per cent, Brazil by 36 per cent, China 47 per cent and France 26 per cent.
GMB senior shop steward Gordon Richardson said the redundancies are the “first ripple” from a downturn in world markets.
He said: “This huge wave of uncertainty is likely to lead to further job losses in the sectors that trade with the rest of the world.
“GMB will do everything we can to avoid compulsory redundancies and to mitigate the impact on the workforce.”
