Job losses continue to pile up as more manufacturers succumb to downturn

Hundreds more jobs have been lost this week as companies continue to shed staff in the recession.

More than 560 jobs will go in south Wales after an aluminium factory and a car parts manufacturer said they had been hit by the economic downturn.

Novelis said its aluminium sheet mill in Newport will close by the end of April with 440 job losses, and Musashi Auto Parts said it planned to close its plant in Caerphilly which employs 124 people.

Administrators working for The Shoe Studio, which operates several footwear brands, have laid off 90 staff after failing to find a buyer for 11 stores. However, the future of more than 1,600 jobs has been safeguarded as part of a deal with rival retailer Dune.

Engineering firm IMI said it had cut about 10% of its workforce since December, including 250 British jobs.

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The ‘Queen’s bank’ Coutts – wholly owned by struggling banking giant RBS – will cut 150 jobs from its UK workforce of 2,300, with majority of the losses coming in London.

Keep up to date with the latest job cuts with Personnel Today’s redundancy tracker.