Car giant Nissan is to axe 1,200 jobs in the wake of the economic slowdown which has hit the motor industry hard and led to sales slumping, the car giant announced today.Read
THE seizing-up of bank credit lines and the economic downturn has seen the value of company acquisitions in the North East fall from £6bn to £1bn in a year.Read
AS new figures revealed the lowest slump in car sales for 12 years yesterday, almost 100 skilled workers at a firm which supplies Nissan were facing redundancy.Read
GREGGS has defied gloomy high street conditions after like-for-like sales rose by more than 5% during the Christmas period and it is now looking to continue its growth plans this year.Read
FOREST Carbon aims to have planted 10 million trees by 2012 – enough to absorb five years’ worth of household emissions from the whole of Newcastle.Read
CONSUMER lender Cattles is considering plans to cut 1,000 jobs. The company that employs around 5,000 people, said the reduction was needed as it expected its Welcome Finance personal lending arm to cut new business volumes by around 75% this year.Read
A FEMALE-friendly Middlesbrough vehicle maintenance firm claims it is being driven out of business by mechanics who can’t get their heads around what women want.Read
TEESSIDE retail centres, which have seen a trend-busting surge in lettings matched by a universal increase in footfall over the crucial Christmas trading period, are moving towards flexible rental payments to help companies through the anticipated downturn.Read
THE UK’s leading share index lost ground yesterday as investors took advantage of the recent market gains to lock in some profit. The FTSE 100 Index fell 131.41p to close at 4507.51.Read
