PCB | February 26, 2006

Circatex axe 86

A drop in orders at bankrupt PCB-producer Circatex in the UK has led to the administrator to cut almost half the workforce.
86 workers have made redundant, leaving 101 employees at Cicatex in South Tyneside, UK.
Having traded at full capacity for six weeks, the administrators have had to take the decision to reduce the capacity and the workforce as a result of changing demands from the key customers.

Despite this setback, the administrators are confident the business can find a new owner. The administrators are in discussions with a new owner and they are confident in that sustainable business is emerging, based on fast turnaround, lower volume and higher margin business.


Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Load more news
April 17 2018 7:38 pm V9.3.2-1