Daily Investment Market News from London
Wednesday 08th of February 2012
November 18, 2008

Jobs misery continues as National Express shed 314 jobs


by Kay Murchie

Jobs misery continues as National Express shed 314 jobs

Transport company National Express has announced today it is to axe over 300 jobs from its East Anglia franchise.

It is understood that the company is to shut its call centre in Norwich, which currently employs 73 people, as part of overall cuts in the workforce. The remaining job losses, primarily in administration staff, will be spread throughout the company.

Gerry Doherty, general secretary of the Transport Salaried Staff Association, described the job losses as a ’bad blow’ for the region.

Meanwhile, the restaurant service on trains will also be phased out, however, the company did say that improvements will be made to its buffet service.

The news follows that from Wolseley, one of the UK’s largest suppliers to builders, who have announced today it is to axe 2,300 jobs, as a result of the housing market downturn.

Yesterday, US banking giant, Citigroup, announced it is to axe 52,000 jobs.

Story link: Jobs misery continues as National Express shed 314 jobs



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