Wednesday Sep 19, 201201:07 PM GMT
Caterpillar to axe 920 jobs in NIreland
FC Wilson, Europe’s biggest producer of diesel generators, runs four factories in Northern Ireland.
FC Wilson, Europe’s biggest producer of diesel generators, runs four factories in Northern Ireland.
Wed Sep 19, 2012 1:5PM
Share | Email | Print
Almost 1000 British workers in Northern Ireland will lose their job after Caterpillar Inc. announced decision to outsource a production line of diesel generators at its FG Wilson subsidiary to China, local media reported.


The decision will cost 760 FG Wilson staff and 160 agency workers their jobs, when it is scheduled that the production line of diesel generators in Northern Ireland be transferred to Tianjin Port Free Trade Zone, China by the end of 2012, according to media reports.

When the redundancies are to be completed plus another 400 job losses before 2014, many more workers will have their living standards collapsed in a short while, the reports said.

Northern Ireland suffers a high unemployment rate of around 8.2 percent and 26.9 percent of adults in the area are economically inactive, according to figures. Meanwhile, the region has a 23.5 percent youth unemployment rate, which is the highest in the UK.

FC Wilson, Europe’s biggest producer of diesel generators, runs four factories in Northern Ireland. Caterpillar bought out the company in 1995.

Caterpillar, the world’s largest manufacturer of mining and construction equipment, diesel engines and industrial gas turbines, employs more than 125,000 workers worldwide, including 11,000 in Britain and 26,000 across Europe. Currently, it employs 11,000 in China, a figure it intends to double by 2015.

MOL/JR/HE
Comments
Add Comment Click Here
Latest From Britain
  • Today
  • Last Week
  • Last Month
  • Today
  • Last Week
  • Last Month
Follow Us
© Copyright 2012 Press TV. All rights reserved. | About PressTV | Contact Us | Frequencies | Privacy Policy