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Job cuts at half of firms

Nearly half of the manufacturing companies in the Black Country have cut their workforce in recent months and around a third expect to make more job cuts in the months to come, a new report revealed today.

Passion For Perfume goes

High Street chain Passion For Perfume was today placed into administration after becoming the latest victim of the credit crunch.

Jobs crisis at Wedgwood

Around 2,700 jobs were under threat at historic Midland crystal and china maker Waterford Wedgwood today after the ailing firm joined a growing roll-call of corporate failures.

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Record low interest rates on cards

Fresh gloom was predicted for millions of pensioners and savers this week with interest rates set to hit a record low as the Bank of England grapples with a deepening recession.

Poundland in 1,000 jobs bonanza

Around 1,000 new jobs are on their way to the UK’s ailing high street in 2009 thanks to Black Country success story, Poundland.

HBOS merger legal threat

Trustees of a pension fund covering 1,400 bank workers in Wolverhampton today threatened a legal challenge to the merger of HBOS and Lloyds TSB.

Icelanders deny Beatties handover

Retail giant Baugur today denied it is in talks with the Icelandic government to hand over control of high street chains, including Beatties’ owner House of Fraser.

Safari park announces 250 new jobs

West Midland Safari and Leisure Park is aiming to fill 250 jobs in the New Year it has been announced today.

Olan Mills shuts down

Olan Mills photographic studios today became the latest casualty of the recession, closing all its stores and leaving thousands of customers out of pocket.