In yet another sign of the growing grip of the economic recession, UK trade magazine Contract Journal reports that Caterpillar is cutting executive pay by up to 50% in a bid to cut costs as its customers continue to struggle to obtain credit to buy its machines. Read the full story here.
The BBC in the UK is reporting that Terex-group company Powerscreen has introduced a range of temporary lay offs for most of its staff. Full story here.
Red Rhino, the UK based manufacturer of compact crushing equipment, is back from the brink of insolvency having been bought out of administration by Bryan Eccles. Eccles, a director and long-time investor in the pioneering company, rescued Red Rhino after what he describes as “poor management” led the company to the brink of collapse. Eccles…Read moreRead more
D&Ri’s Lindsay Gale reports that Sandvik is in the process of introducing a new generation of medium sized hydraulic breakers. The first, the BR 2155, was launched at this year’s ConExpo and a second, the BR 2577, is due to hit the market very soon. Read the full story here.
JCB has announced a further 398 redundancies as it reduces production at UK factories by 34% for the last two months of the year and for the first quarter of 2009. The plant manufacturer has already announced over 700 job losses this year but said the extreme deterioration in business levels and confidence around the…Read moreRead more
This November marks the production start of Husqvarna’s first demolition robot – a remote-controlled demolition machine developed by Husqvarna Construction Products in Jonsered, Sweden. The robot is the first product from a new Demolition Robots category, which is projected to strengthen the group’s leading position in machinery for the construction industry. The market for demolition…Read moreRead more
Amidst all the talk of 90 metre high reach machines, this 21 metre Volvo unit rather crept in under the radar. It is owned by Nuneaton-based AR Demolition and while its height doesn’t make it unique, the fact that it’s the UK’s largest pure Volvo high reach certainly does. Of course, there are plenty of…Read moreRead more