Japanese glass maker NSG to cut 5800 jobs.
Japanese glass maker NSG, which bought St Helens-based Pilkington in 2006, said its decision to cut 5800 jobs over the next year was a direct response to the global downturn.
Quoted from the Guardian.co.uk
The company said all three of its business units had been hurt by the credit crunch, with its automotive division taking the worst hit. It was also scaling back production of float glass – the process used to make large sheets of glass – removing the equivalent of two production lines in Europe and a 15% cut in capacity elsewhere.
Job losses = 5800
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