U.K. Manufacturers Call for Investment, Warn of Mass Layoffs
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U.K. manufacturers are calling for added financial support when the government announces spending plans next week, as a survey shows almost 75% of companies in the sector could dismiss workers in the next six months.
The latest poll from industry group Make UK found that 42% of firms now plan redundancies in the period, and almost a third say redundancies are possible. Nearly one in 10 of those surveyed plan to lay off between a quarter and half of their staff.