Swansea Pilkington Glass: "Jobs not at risk"

Staff at Swansea's Pilkington Glass have been reassured that their jobs are not at risk. The UK glass king, based in St Helens, Lancashire, is the latest in a string of British companies to be sold to foreign investors.

Japan's Nippon Sheet Glass has succeeded with a £2.2 billion takeover bid.The new company, combining Nippon and Pilkington, is expected to do well in the supply of flat glass to construction.It is also expected to make around £20 million in savings over three years.But Nippon reassured employees these savings were unlikely to come in the form of job losses.The Swansea branch of Pilkington has 34 employees.Staff at Swansea's Pilkington Glass have been reassured that their jobs are not at risk. The UK glass king, based in St Helens, Lancashire, is the latest in a string of British companies to be sold to foreign investors.

Japan's Nippon Sheet Glass has succeeded with a £2.2 billion takeover bid.

The new company, combining Nippon and Pilkington, is expected to do well in the supply of flat glass to construction.

It is also expected to make around £20 million in savings over three years.

But Nippon reassured employees these savings were unlikely to come in the form of job losses.

The Swansea branch of Pilkington has 34 employees.

600450 Swansea Pilkington Glass: "Jobs not at risk" glassonweb.com
Date: 6 March 2006
Source: Thisissouthwales.co.uk

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