| Cemex to cut 6,000 jobs |
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| Friday, 17 October 2008 | |
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Cemex plans to cut 6,000 jobs worldwide, around 10% of its workforce, due to failing demand.
The cement maker has also announced it will put more than £1bn of assets up for sale. The moves come as part of an effort to reduce costs by £288m by the end of the year. Cemex indicated that UK sales have dropped 19% in the UK, 26% in Spain, and 28% in the US while overall sales have dropped 5% to £3.4bn. |
