Recession Hits Stamford

29th January 2009

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Job losses in the region:

Cummins Generator Technologies, one of Stamford's biggest employers, has confirmed they laid off around 80 temporary staff last week. This is in addition to the 12 who were made redundant before Christmas.
The company employs about 1,000 people in its Barnack Road and Ryhall Road sites and has also released staff, temporary and contingent workers throughout all of its worldwide locations.
The Co-op Travel branch in Stamford High Street is closing on Saturday February 7, putting this down to rising rents and the economic downturn. Anglian Co-operative Society, who own the firm, say that they've entered into consultation with the five staff members at the branch, hoping to deploy them at other branches.
Bookings are now being handled from their Peterborough branch, and customers with queries should ring 01733 891720.
Ketton's Castle Cement say they have no further job losses planned following the 35 redundancies before Christmas and other job losses amongst distribution and head office staff in Birmingham.
RS Components - Corby's largest employer - has also announced redundancies. 280 full-time staff and 90 agency workers out of the company's 2,750 staff will lose their jobs.

What depressing news after my carefree month in the sun in New Zealand! Not only rotten weather but rotten news for lots of workers. Not a good way to start a new year.

How are you coping with the recession? Any ideas post them here, as this is your community website!