black dr martens sale Energy costs to hit jobs
Energy costs to hit jobsTHE boss of a 60m turnover north west manufacturer warned today that soaring energy costs are likely to mean job cuts at his firm.08:48, 28 NOV 2005Updated18:41, 12 JAN 2013ANGRY: Duncan Makin, Chairman of the PVC Group in Stalybridge
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THE boss of a north west manufacturer warned today that soaring energy costs are likely to mean job cuts at his firm.
Duncan Makin, founder and chairman of the PVC Group, said he will have to take swift action to offset a whopping rise in the electricity bill for his factory at Chinley, High Peak.
It is the biggest of the group’s four sites and consumed worth of electricity last year.
The six month contract for the site has come up for renewal and, under a new agreement, the bill will rocket more than 50 per cent to this year. We’ll have to take action to reduce our costs.
“It will affect our working practices we may have to do more work at night or at weekends, when the rates are lower and jobs as well.”
He said power firms were profiteering at the expense of businesses. PVC Group’s electricity is supplied by Gaz de France. The company uses a broker to find the best deal.
PVC Group makes plastics and PVC for a range of products, from windows, Wellington boots and Dr Martens footwear to cladding, cables, bottles and packaging.
PVC Group has also been hit by increases in the costs of oil and other raw materials.
Richard Loynes, a manager, said PVC Group and other plastics firms are lobbying the government for help over soaring energy bills.
Experts say electricity price hikes are a direct result of gas increases as gas is used at most power stations.