APR 01] MARCONI NEWS
Marconi Job Cuts Hit Coventry
giant Marconi has rocked the city with the announcement of major
company, which has bases in Coventry in Stoke and Foleshill, is
making 3,000 people redundant worldwide with half of those
falling in the UK. The cuts are part of a company-wide
restructuring that will see the business operations reorganised
into three divisions.
has not been confirmed how many will go from the two Coventry
sites but local MP Bob Ainsworth has been told that the figure
is likely to be around 300 out of local workforce of 2,000.
news of the job losses comes as a bitter blow to Coventry City
Council after Marconi's announcement a few months ago of the
development of their new research and development site at Ansty.
NEW RESEARCH AND DEVELOPMENT CENTRE AT ANSTY
has confirmed that the new multi-million pound Ansty site is not
under threat from the current restructuring.