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Article: Dowding takes swift action to cut its losses.
- Article from:
- The Birmingham Post (England)
- Article date:
- March 5, 2002
CopyrightCOPYRIGHT 2002 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Richard Tyler City Editor
Dowding & Mills' swift response to the downturn has saved the industrial equipment maintenance group pounds 1 million in the last six months.
The Birmingham-based group's chief executive Martin Habgood said yesterday the seven per cent fall in sales the group suffered would have translated into a pounds 2.7 million drop in profit in real terms.
But by stripping out 11 per cent of the group's 2,200-strong workforce in the last 18 months ...