国产国产亚洲大学生_国产欧美日韩免费一区二区_国产精品一区二区三在线_欧美日韩一区二区交流_国产91啪啪视频_欧美三级播放网站在线观看_91免费福利视频_成 人免费 无遮挡_一级aa国产视频_天堂网站www天堂资源在线

Location:Home / News

News

Industry News

Jobs to go at Newcastle engineers Michell Bearings less than a year after acquisition

Time:26 Jan,2016
Jobs are in jeopardy at Newcastle engineering business Michell Bearings less than a year after it was acquired by British Engines for more than £12m. British Engines finalised a deal to buy Michell Bearings, a marine company based in the city’s west end, at the end of last year, for around £12.5m, making it the group’s seventh engineering company in the North East. Now, after a business review which followed the acquisition, directors have announced a proposal to reduce the workforce. It is understood that around 28 redundancies are set to be made. A spokeswoman for Michell Bearings said: “It is with regret that on Friday we announced to our workforce a proposal to reduce the head count within the business. “We have started consultation on this proposal and it would be inappropriate for us to comment any further at this time.” The firm invented the hydrodynamic bearing more than 100 years ago, and now designs and manufacturers the bearings for the marine and industrial sectors. Michell Bearings also owns a 51% shareholding in Michell Bearings (India) Pvt Ltd, a non-wholly owned subsidiary company based in Bangalore. When the firm was bought up by British Engines, the deal also included the acquisition of the Rolls-Royce Training School on Scotswood Road, and around 200 jobs were involved.
2017 © SUFUL bearing.ALL Right Reserved
logo