Black September as job losses in manufacturing soar

MANUFACTURING companies are continuing to shed jobs with September seeing the sharpest rate of losses in a year.

Last month employment in the sector fell for the fourth time in the past five months with evidence suggesting staffing levels are being cut due to lower workloads.

According to the latest NCB purchasing managers index (PMI) the health of the sector here deteriorated further in September, as output contracted and new business fell at a faster pace.