Redundancies are to be made at the Port of Liverpool after its owner said the "marked deterioration" in the volume of containers it handles had made the move "extremely regrettable but now unavoidable, given the economic backdrop".
Peel Ports said the redundancy consultation process will start next week as it restructures its containers division. The number of jobs that could be lost has not been revealed.
The group added that the unitised cargo market is "experiencing a significant decline in volume due to several factors which underpin the bleak outlook on the global economy; with rising interest rates, higher energy costs and weakening consumer demand for manufactured and imported goods".
