JCB job cuts are 'first ripple' of global slowdown hitting UK

World's fourth-largest digger maker cutting six per cent of workforce as demand falls in emerging markets

JCB
(Image credit: Philippe Huguen/AFP/Getty Images)

JCB, the fourth-largest maker of diggers and other earth-moving equipment in the world, announced that it would be cutting 400 jobs, accounting for around six per cent of its 6,500-strong UK workforce, in response to a slowdown in demand in particular in emerging markets.

"These staff job losses are the first ripple from the downturn in world markets, including China, impacting on the UK economy," Gordon Richardson, of the GMB union, told the BBC.

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