Losses increase at Doncasters
Losses increased by more than £40m during a "challenging year" for engineering giant Doncasters.
The group, which supplies components for aero engines and gas turbines as well as manufacturing other specialist castings and forgings, is headquartered in Burton-upon-Trent and employs 4,000 people at 34 sites across the world.
Exceptional impairment costs of £31.6m, plus redundancy costs of £4.4m and a £4.7m loss on the sale of New England Airfoil Products, contributed to the poor results.
Sales also fell during 2015, down £41.5m ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
