UK: Samuel Lumb To Close, Nearly 70 Jobs Lost
Up to 69 jobs will be lost with the closure of a 100-year-old textile company amid falling sales and increased foreign competition. Bosses of Samuel Lumb & Son, based in Yorkshire, said today they had no alternative but to shut the fancy woollen yarn plant as it was struggling to win orders and its old buildings needed a multi-million pound renovation to meet strict new health and safety requirements.
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