760 engineering jobs axed in North

Up to 760 jobs are to be axed by a major engineering company in the North, it was announced yesterday.

FG Wilson, which is part of the international Caterpillar corporation, said the losses are part of measures to make the business more efficient and competitive.

The announcement was made as the Stormont first minister Peter Robinson and deputy first minister Martin McGuinness headed a mini summit to discuss the worsening economy and the North’s unemployment rate of 8.2%.