Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Business round up: Carillion axes 900 jobs in engineering shake-up

by Personnel Today 22 Aug 2000
by Personnel Today 22 Aug 2000

• Construction company Carillion is to restructure its engineering business with the loss of 900 jobs. The UK company, which demerged from Tarmac last July, said poor performance in its Crown House Engineering (CHE) division had caused the cutbacks. A number of CHE contracts which were initially thought profitable have had losses incurred against them. Carillion said it was refocusing the division on larger contracts for key customers and its successful voice and data communications business. The changes will reduce annual turnover by about a third to £15m. Chairman Sir Neville Simms said, “We did not know the contracts would make a loss at the beginning – they were all taken on the assumption they would make a profit.” The announcement came just three weeks after CHE announced a £90m contract to build the Government’s new GCHQ spy centre. Ft.com


Web site blamed for toy firm’s profits slump


• Retailer Toys R Us has blamed a 75 per cent profits slump on its ailing Internet operations. The toy giant said its net profit in the second quarter of this year fell to just under £2m – sharply down from around £8m last year. But the company claimed its net profit during the quarter totalled just over £10m when losses from its Internet subsidiary were excluded. Toys R Us and its toysrus.com web site had problems with delivery, especially in the run up to Christmas 1999. Thousands of US customers did not receive their orders on time and the Federal Trade Commission fined the company £232,000. Competition from web competitors like eToys also contributed to the company’s losses. BBC.co.uk


Honda’s Civic move lifts British car industry


• British-made Honda cars are to be exported to Japan for the first time as most of the production of its Civic model is switched to Swindon. Export will start after the launch of the new Civic range in September, throwing a lifeline to the UK’s ailing car industry. But Honda will also buy less car components from UK suppliers, choosing European rivals instead. The announcement comes after car makers like Toyota, Nissan and Matsushita warned they may move production to the continent if Britain does not join the single currency.

Honda has been using only 70 per cent of the Swindon plant’s 150,000 annual production capacity because of the strong pound. But commentators have pointed out that Honda had no alternative but to focus on its UK production base because Swindon is its only European factory. BBC.co.uk


More overseas businesses attracted to the UK


• The number of foreign-owned businesses operating in the UK has risen 11.5 per cent in the past 12 months. Figures from business information group Dun & Bradstreet confirm the UK as an attractive option for inward investment. The study found there are now 28,777 foreign-owned companies in Britain compared with 25,802 last July.

But while the number of French-owned companies is up nearly a third, figures for Japanese-owned companies show a drop of 9 per cent. Experts attribute the reduction to the widespread unhappiness at the strength of the pound among Japanese investors. Ft.com

Personnel Today
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

previous post
Prison exerts its freedom of choice
next post
Safety reps key to HSC-TUC drive

You may also like

Employees going into office just 1.5 days a...

15 Aug 2022

Barrister wins gender critical belief discrimination claim

27 Jul 2022

‘Patchy’ mental health services failing ethnic minority communities

11 Jul 2022

Global study highlights hypertension treatment failings

8 Jul 2022

NICE sets out new guideline on managing depression

8 Jul 2022

Half of employees struggle to switch off on...

8 Jul 2022

Five steps for organisations across the globe to...

8 Jun 2022

The Search for Talent: Six Major Employer Pitfalls

24 May 2022

Grants scheme set up to support women’s health...

16 May 2022

How music can help to ease anxiety at...

9 May 2022
  • 6 reasons why work-based learning is better than traditional training PROMOTED | A recent Fortune/Deloitte survey found that 71% of CEOs are anticipating that this year’s biggest business disrupter...Read more
  • Strengthening Scotland’s public services through virtual recruiting PROMOTED | This website is Scotland's go-to place for job seekers looking to apply for roles in public services...Read more
  • What’s next for L&D? Enter Alchemist… PROMOTED | It’s time to turn off the tedious and get ready for interactive and immersive learning experiences...Read more
  • Simple mistakes are blighting the onboarding experience PROMOTED | The onboarding of new hires is a company’s best chance...Read more
  • Preventing Burnout: How can HR help key workers get the right help? PROMOTED | Workplace wellbeing may seem a distant memory...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2022

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2022 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+