SCOTLAND: Cashmere Firm Closes Factory, Cuts Jobs
Leading Scottish cashmere manufacturer John Laing on Thursday blamed a slump in US exports and the loss of a major customer for its decision to close its Jedburgh factory. The company, which sold 70,000 garments last year and had a turnover of just under £6 million (9.81m euros), will instead concentrate production at its plant at Hawick and ask 28 employees to take voluntary redundancy.
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