Seventy
pottery workers are being made redundant with the closure of
a Stoke-on-Trent pottery.
Wade Ceramics, of Burslem, is to mothball
its Hilltop plant, in Westport Street, after a collapse in sales
of its whisky flagons.
The news comes as a survey published today shows confidence
among employers in North Staffordshire has reached its lowest
ebb since the late 1980s.
Geoff Bagnall, general secretary of pottery union Geoff Bagnall,
said: We have been told the Hilltop site is to be
mothballed at Christmas, which means to all intents and purposes
it will be closed.
The 70 redundancies announced by the management
represent the entire workforce of the Hilltop site.
No-one at Wades nor parent group Beauford was available
for comment. The companys two other factories at Burslem
are not affected.
Meanwhile, a quarterly survey unveiled today by the chambers
of commerce in North Staffordshire and Stafford show one in
four firms is planning to axe jobs.
Bryan Carnes, chief executive of North Staffs Chamber of Commerce,
said it adds fresh weight to calls a cut in interest rates by
the Bank of England.
The Banks decision-makers on interest rates, the monetary
policy committee, was meeting today. Previous decisions to increase
rates has pushed up the value of the pound - blamed for lost
export orders and hundreds of job losses in North Staffordshire.
Mr Carnes said exchange rates are still the biggest worry for
company directors - with increasing competition and interest
rates also ranked highly.
All these are linked, said Mr Carnes.
People are battening down the hatches. What we need
is a significant cut in interest rates. If not, they we are
heading for a period of stagnation and rising unemployment levels.
According to the quarterly survey among the chambers
1,050 members, 31 per cent expect to see a drop in turnover
over the next 12 months. Only 24 per cent are expecting an improvement.
And 45 per cent say profits are set to suffer - with only 27
per cent expecting an improvement.
Mr Carnes said it is the first time since the late 1980s that
pessimists have outweighed optimists on both profits and turnover.
One of the few encouraging findings of the survey is that companies
are maintaining investment plans, said Mr Carnes. But the chambers
survey has underlined the depressed picture nationally, where
evidence of an economic slowdown is mounting.
PICTURED: The Hilltop plant, Burslem, which is to be mothballed
by Wade Ceramics.