SHUTDOWN BY S.T.C.
1500 Men To Be Dismissed (N.Z.P.A.-Reuter—Copyright) SYDNEY, Feb. 15. Standard Telephones and Cables Pty., Ltd., would shul down the consumer products division at Liverpool, Sydney, within the next fortnight and dismiss about 1506 men, an Electrical Trade: Union official said last night He said the company had been reported to be losin# heavily in this departmen' and would now concentrate on its telephone and telephone equipment manufacturing.
The consumer products division of the company manufactures television anc’ radio sets, radiators, vacuum cleaners, and floor polishers
Britain’s Trade Gap Wider
(N.Z.P.A.-Reuter—Copyright) LONDON, Feb. 14. Britain's trade gap in January was £78.6 million—almost three times greater than the previous month, the Board of Trade announced today. The figure for December was £27.1 million and in January last year £62 million, the board said. Last month, Britain’s exports were £311.9 million and imports £402.7 million. Re-exports amounted to £12.2 million.
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Bibliographic details
Press, Volume CI, Issue 29749, 16 February 1962, Page 13
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150SHUTDOWN BY S.T.C. Press, Volume CI, Issue 29749, 16 February 1962, Page 13
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