Saturday, February 25, 2006

Circatex


Further bad news for Circatex

Circatex in Eldon Street has announced a further 80 redundancies as the administrators continue their efforts to find a buyer for the company. Tough competition from the far east markets and massive increases in gas and electricity charges have caused trouble for the printed circuit board manufacturer which used to be one of the town's largest employers. Despite the best efforts of the management and the local MP, David Miliband , the highly skilled workforce has now been reduced to about 100.

Link

BBC Tyne


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