A team of experts flew to Portugal this week to assess a defect which forced the nuclear submarine HMS Trenchant to shut down its reactor in Lisbon harbour on Saturday.
US-owned engine manufacturer Cummins has paid off 64 of its 870 workers at its Darlington plant following the loss of a contract with a Tashkent firm.
Rexam package deal
Rexam is in talks with a number of unnamed potential buyers for its industrial packaging operations. The businesses, at seven UK sites, made an operating profit of £31m on sales of £235m last year.
Pay up 6%
Average engineering salaries rose by 6.1% in the first six months of 1998, according to Remuneration Economics’ survey of engineers’ salaries. A fall in bonus payments held back the rise to 6% overall.
The Government has launched a £18.5m programme to give support to exporters. The Support for Exhibitors and Seminars Abroad scheme is aimed at helping companies participate in foreign trade shows and missions.
Glynwed is talking to interested parties about the sale of its metals processing businesses which it put up for sale in March. The businesses consist of five steel processing operations and are estimated to be worth £170m 220m.
Rail given £9.5m
The Government has granted more than £9.5m to industry to encourage freight to go by rail. Recipients include Rover in Cowley, European Metal Recycling in Birmingham and Liverpool, Coalite in Bolsover, Derbyshire and the Port of Tyne Authority. Track access grants will go to rail freight operators EWS and Freightliner.