Way clear for takeover

AMSTRAD is to shed 70 jobs following the final restructuring of its consumer electronics business in a move that is believed …

AMSTRAD is to shed 70 jobs following the final restructuring of its consumer electronics business in a move that is believed to smooth the way for a £234 million sterling takeover of the group by hand held computer company, Psion. It said the jobs, involving its head office in Brentwood and a warehouse site in Shoeburyness, both in Essex, would go before Christmas. The consumer electronics business is being transferred to Betacom.

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