Shock 900 job redundany at Bosch South Wales

Car parts giant Bosch has announced 900 job losses at it's plant in South Wales. The company had been previously looking at 300 redundancies as part of a cost saving excercise to cope with the slump in business.

The company released a statement to say they deeply regretted the decision.

The Bosch factory will close in Summer 2011.

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Lloyds have just announced another huge round of job cuts.

The company will be closing 58 Black horse loan centres.

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