Bridgeport takes stock after takeover by US firm

Workers at machine tool maker Bridgeport in Leicester will have to wait until August to find out how jobs at the plant will be affected by the £35m sale of their US parent company to Goldman Industries, based in Boston, Massachusetts. One insider said the worst outcome would be if UK production were to be […]

Workers at machine tool maker Bridgeport in Leicester will have to wait until August to find out how jobs at the plant will be affected by the £35m sale of their US parent company to Goldman Industries, based in Boston, Massachusetts.

One insider said the worst outcome would be if UK production were to be shifted to Bridgeport’s US plant in Connecticut – which has already seen staff cuts.

But managing director Malcolm Taylor said job losses at Leicester were unlikely, and that Goldman’s strategy for Bridgeport was `to leave most of it alone’.

There is little overlap between Goldman’s products, centred on Fellows gear cutting machines, and Bridgeport’s, whose UK range includes vertical machining centres.

Bridgeport’s plant is one of the three largest machine tool makers in the UK, employing 430.