WRAPUP 1-UK engineers axe jobs, cut auto exposure

Newswire

* Tomkins and Bodycote planning to cut jobs, close sites * Tomkins moves into oil & gas, cuts exposure to housing * Bodycote says automotive soft, aerospace & energy steady * Shares rise as market welcomes solid results By Victoria Bryan and Philip Waller LONDON, Feb 25 (Reuters) - Two British engineers exposed to the crisis-hit automotive industry moved to reassure investors on Wednesday by cutting jobs and highlighting a focus on new markets and energy-efficient ...

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