Tumbling dollar leads to job cuts
27/11/2007
Despite being “fairly busy”, UK leather producer Pittards Plc has announced that it is to cut up to 50 jobs at its Yeovil site as a direct result of the continued downward trend in the dollar exchange rate over the past year. The company has entered in to a redundancy consultation period with its workforce and is seeking volunteers in the first instance before making any compulsory redundancies.