Newspaper article The Journal (Newcastle, England)

Jobs at Risk after Factory Take-Over

Newspaper article The Journal (Newcastle, England)

Jobs at Risk after Factory Take-Over

Article excerpt

Byline: By Guy Anderson

Workers at a Tyneside cardboard box factory which was sold yesterday must wait a month to learn if their jobs are safe.

Macfarlane, the Glasgow distribution group, off-loaded its Northern packing material division for pounds 900,000 after suffering pounds 3m losses since 2001, including pounds 1.8m this year.

London-based paper giant, FTSE 250-listed DS Smith, has taken over the ailing operation.

Northern - which employs 120 people - makes boxes and corrugated card at plants in North Shields, Dundee and Govan. It turned over pounds 7.3m last year. The Tyneside site has a staff of 19.

A spokesman for Macfarlane said: "Staff at the plants, including North Shields, have had their contracts of employment transferred to the new owners. We've made attempts to make the business profitable and invested in it. But it was still making almost pounds 3m of losses over the past two years."

A spokesman for DS Smith was not able to comment on the future of the North Shields jobs. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.