31/07/2001
NEC shed 600 jobs as memory chip production halts
NEC has confirmed that the company is to axe 600 jobs at the firm’s semiconductor production facility in Scotland.
Despite an £80 million investment made last year and a restructuring plan that had aimed to keep up production of the chips used in home computers, a collapse in the market price has prompted NEC to pull out of the market altogether.
The jobs cuts at the Livingston plant in Scotland are part of a major redundancy package that will see 4,000 jobs cut worldwide in an effort to keep the company’s restructuring plan on track.
Management at NEC said that they deeply regretted the decision but added that the situation was the worst that the industry had ever encountered.
NEC has recently experienced a huge drop in profits as the electronics sector suffers a massive downturn. The Scottish plant was responsible for the production of around one fifth of he industry’s DRAM chips. Once a lucrative proposition massive overproduction and a drop in the quantity of these chips has seen prices plummet from a $15 high to under $2.
The cutbacks at the NEC plant, which at its peak employed 1,600 workers, is yet another blow for the West Lothian region which this year has already seen 3,000 jobs lost in April when Motorola closed a mobile phone production plant. (SP)
Despite an £80 million investment made last year and a restructuring plan that had aimed to keep up production of the chips used in home computers, a collapse in the market price has prompted NEC to pull out of the market altogether.
The jobs cuts at the Livingston plant in Scotland are part of a major redundancy package that will see 4,000 jobs cut worldwide in an effort to keep the company’s restructuring plan on track.
Management at NEC said that they deeply regretted the decision but added that the situation was the worst that the industry had ever encountered.
NEC has recently experienced a huge drop in profits as the electronics sector suffers a massive downturn. The Scottish plant was responsible for the production of around one fifth of he industry’s DRAM chips. Once a lucrative proposition massive overproduction and a drop in the quantity of these chips has seen prices plummet from a $15 high to under $2.
The cutbacks at the NEC plant, which at its peak employed 1,600 workers, is yet another blow for the West Lothian region which this year has already seen 3,000 jobs lost in April when Motorola closed a mobile phone production plant. (SP)
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22 March 2002
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The UK economy has been boosted again this week with the news that car production rose dramatically to 18.7 per cent last month. The Office of National Statistics (ONS) has reported that 147,379 cars were made in February compared with 124,163 cars made during the same month last year.
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The UK economy has been boosted again this week with the news that car production rose dramatically to 18.7 per cent last month. The Office of National Statistics (ONS) has reported that 147,379 cars were made in February compared with 124,163 cars made during the same month last year.
24 June 2010
Dairy Show 'In A Day' - NEC Excels
NI-based dairy farmers are being urged to use well-established transport links to access a major farm expo this autumn. The Royal Association of British Dairy Farmers' (RABDF) plans are well underway to stage its Dairy Event and Livestock Show on Tuesday 7 and Wednesday 8 September at the NEC, Birmingham.
Dairy Show 'In A Day' - NEC Excels
NI-based dairy farmers are being urged to use well-established transport links to access a major farm expo this autumn. The Royal Association of British Dairy Farmers' (RABDF) plans are well underway to stage its Dairy Event and Livestock Show on Tuesday 7 and Wednesday 8 September at the NEC, Birmingham.
08 September 2005
Banbridge conveyor firm to exhibit at NEC process and packaging show
Banbridge conveyor firm ENE Ltd are exhibiting for the first time at the PPMA Show in Birmingham's National Exhibition Centre September 27th - 29th. On show will be the new multi-lane 'Converger'‚ machine, designed and built by the NI firm and tailored for high volume food processing factories.
Banbridge conveyor firm to exhibit at NEC process and packaging show
Banbridge conveyor firm ENE Ltd are exhibiting for the first time at the PPMA Show in Birmingham's National Exhibition Centre September 27th - 29th. On show will be the new multi-lane 'Converger'‚ machine, designed and built by the NI firm and tailored for high volume food processing factories.
14 July 2015
Ministers Discuss Progress On Agri-Food Sector
Agriculture and Rural Development Minister Michelle O'Neill and Enterprise, Trade and Investment Minister Jonathan Bell recently met with the Agri-Food Strategy Board to discuss progress on delivery of the strategic action plan for the agri-food sector, 'Going for Growth'.
Ministers Discuss Progress On Agri-Food Sector
Agriculture and Rural Development Minister Michelle O'Neill and Enterprise, Trade and Investment Minister Jonathan Bell recently met with the Agri-Food Strategy Board to discuss progress on delivery of the strategic action plan for the agri-food sector, 'Going for Growth'.
29 September 2011
Irish Film Industry Excels
The Audiovisual Federation, the IBEC group that represents the feature film, television and animation sectors, has launched its 2011 review of film and television production in Ireland. The report covers 261 productions completed in Ireland in 2010, with a total production value of €387.9 million: a significant increase of €144.
Irish Film Industry Excels
The Audiovisual Federation, the IBEC group that represents the feature film, television and animation sectors, has launched its 2011 review of film and television production in Ireland. The report covers 261 productions completed in Ireland in 2010, with a total production value of €387.9 million: a significant increase of €144.
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