Tag Archives: production

Kingsmill owner plots end of production in Cardiff factory – almost 200 jobs at risk

Up to 180 workers face being made redundant after Allied Bakeries unveiled a massive restructure which would see operations ceased in the Welsh city. The Maes-y-Coed Road site came under review as part of a plan by the company to embrace “larger facilities in the UK”. While the overhaul would see the end of production […]

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Nutella production halts as strikes hit world’s biggest factory – can you still buy it?

Nutella lovers might soon struggle to get their hands on the treat after ongoing strike action causes problems with the production. The world’s largest Nutella factory, Rouen, has slowed down production as a result of strike’s that have lasted for over a week. As a result of this, there has also been issues getting ingredients […]

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UK automobile production drops by nearly half in April as Brexit shutdowns strike

British automobile production plunged by nearly half in April this year, according to brand-new figures released today by the Society of Motor Manufacturers and Traders (SMMT). The information exposes that 70,971vehicles rolled off assembly line in the month, down -445 percent year on year. Factors for this are mentioned as factory shutdowns, rescheduled to reduce […]

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Pound euro exchange rate: GBP slips on improved German industrial production figures

German industrial production figures out earlier rose unexpectedly, buoying the single currency against a weakened Sterling. Economists had expected to see a contraction, but instead German industrial output rose by 0.5 per cent in March thanks to the increased production of consumer goods and construction activity. However, in yesterday’s Eurozone news it was a different story […]

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Pound euro exchange rate GBP/EUR slips despite shock slump in German industrial production

Plummeting car production was one of the major drivers of the unexpected slide in Germany’s industrial production.
Commenting on this morning’s data release, Mizuho Rates Strategist Antoine Bouvet said:
“We have had a lot of sentiment indicators pointing to this, but industrial production is ha…

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Germany in CRISIS: Economy growth forecast slashed AGAIN – car production PLUMMETS

Forecasted GDP has been cut to 0.8 percent for 2019, the second reduction in less than two months, German business daily Handelsblatt has reported, citing a Government document. The German Government had already cut growth expectations for this year in January from 1.8 percent to one percent….

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