Business round up

Aircraft
manufacturer Boeing is to build a £15m research park in South Yorkshire that
will create 7,000 jobs. The Aerospace Manufacturing Research Centre, in
Waverly, Rotherham, will include a 100-acre manufacturing park. It will develop
advanced materials-cutting technology and is the result of more than 12 months’
work by Sheffield University, regional development agency Yorkshire Forward and
the DTI. The deal includes government and European funding. http://www.yorkshire-forward.com/

Lloyds
TSB’s Abbey bid to cost jobs

Lloyds
TSB’s takeover bid for the Abbey National will lead to 9,000 job cuts if it
goes ahead. The bank has promised to keep Abbey National’s 722 branches open
for two years after the proposed takeover. It then intends to move 600
branches, when the jobs will be axed. A spokesman said compulsory redundancies
would be kept to a minimum and job losses would be spread over four years. http://www.lloydstsb.co.uk/

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Merger
to spawn ‘super dairy’

Dairy
Crest is to axe more than 900 jobs after its merger with rival dairy Unigate in
July. Jobs will go from its plants in Cardiff, Derbyshire, Somerset and
Shropshire. Dairy Crest’s plant in Carmarthen, Dyfed, will close in April. The
firm hopes to establish a £23m "super dairy" in Severnside,
Gloucestershire, creating 320 jobs. http://www.dairycrest.co.uk/