British GKN announced that sales in the first half of 2009 fell by 9% to 2.174 billion pounds (about 3.6 billion US dollars). The company's automotive and powder metallurgy business has returned to profit in June, although overall sales have fallen by 41%.
GKN expects sales of the automotive and powder metallurgy business to improve in September and continue into the fourth quarter. The company said that due to the weak market, the company's restructuring plan has been expanded and is accelerating. The company will reduce 3,600 jobs in 2009 and the next year, 1200 more than the previously announced layoffs.
GKN expects sales of the automotive and powder metallurgy business to improve in September and continue into the fourth quarter. The company said that due to the weak market, the company's restructuring plan has been expanded and is accelerating. The company will reduce 3,600 jobs in 2009 and the next year, 1200 more than the previously announced layoffs.
Aluminum Bottle,Aluminum Water Bottle,Water Bottle
Qili Metal Products Factory , http://www.china-sportsbottle.com