CSR flags more job cuts

Building products maker CSR has announced job cuts at its glass manufacturing business in New South Wales and Victoria.

About 110 redundancies have come into effect as the company launches a major restructure in a bid to lift profits.

It is shutting down several parts of its south-east Melbourne glass-making business, Viridian, which is expected to report a loss of $6.8 million over the six months to September.

The laminating line in Clayton in Melbourne will be closed, while one in Dandenong, also in Melbourne's south-east, will be replaced. Read more on the link below.

600450 CSR flags more job cuts glassonweb.com
Date: 6 September 2011
Source: www.abc.net.au

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