Aquascutum To Cut Manufacturing Jobs

Classic brand Aquascutum is to axe a quarter of its 200-strong workforce in its factory in Corby, Northamptonshire. The company said that the redundancies were essential for the future success of the business following a strategic review of its manufacturing division.

There are no plans to close the factory. A consultation period with employees began earlier this week. Aquascutum had pre-tax profits of GBP1.4 million for the year to December 31 2002, compared to GBP0.79m the previous year.