UPDATE 2-Tomkins plans more cost cuts for a challenging 2009


* CEO says early 2009 trading "tough" * Plans closure of 15 plants, affecting 2,500 staff * Cuts full-year dividend to 13 cents from 28 cents * Targets dividend of 10 cents for 2009 * Shares rise 8 percent in early trade (Adds CEO comments, shares, analyst) By Victoria Bryan LONDON, Feb 25 (Reuters) - British engineer Tomkins Plc halved its full-year dividend and announced plans for more plant closures and job losses as the challenging market conditions in its end markets worsen. ...

Premium Content (PAID Subscription Required)

"UPDATE 2-Tomkins plans more cost cuts for a challenging 2009" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

WardsAuto Blogs
Aug 25, 2014

Finally, Voice of Reason

The concept of an autopilot is not new, particularly in aerospace. But Owens notes even the airline industry has never crossed that threshold by placing hundreds of lives solely in the digital hands of a computer....More
Aug 21, 2014

Michigan, Great Lakes Region Still Core of North American Production

The Great Lakes Region is well-positioned to remain a North American production hub for years, perhaps well into the next decade....More
Aug 19, 2014

Dodge Undergoes Brand ‘Purification’

The brand moves from overall mainstream to so-called mainstream-performance....More

Sponsored Introduction Continue on to (or wait seconds) ×