THE company which wants to reopen Plymouth’s tungsten mine is to axe nearly half its workforce as it carries out a savage cost-cutting programme. Tungsten West Plc has not put a number on the job losses but it employed 58 people in 2022 and is now looking to shed 42% of its workers.
The company also wants to slash its wage bill by 42%. In 2022 its payroll total was nearly £2.5m including pension contributions.
Just under a year ago Max Denning has left as chief executive of Tungsten West, the company he cofounded, and executive vice-chairman Mark Thompson took over. He has quit now too and directors Robert Ashley, Grace Stevens and Francis Johnstone have all gone in the past six months.
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IT was the former Prime Minister, Harold Wilson, who famously said that a week is a long time in politics.
Making a song and dance of it
JOAQUIN PHOENIX AND LADY GAGA UNITE FOR A JOKER SEQUEL WHICH DITCHES THE FIRST FILM'S BLOOD, GORE AND ACTION FOR A MORE MELODIC APPROACH
Historic 'house of pleasure' is to be restored
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Law change plan for assisted dying
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Jenrick claim blasted
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Israeli order to evacuate
THE Israeli military yesterday ordered the evacuation of villages and towns in southern Lebanon that are north of a United Nationsdeclared buffer zone established after the 2006 war.
Prison sentence for sex offender
INDECENT IMAGES OF CHILDREN DISCOVERED
MP to join Warrior Women Walk
EVENT SUPPORTS DOMESTIC ABUSE VICTIMS
