SCOTTISH industrial tycoon Jim McColl is likely to get substantially less than the £750 million price tag attached to last year's sale of ClydeUnion Pumps to North Carolina's SPX Corporation, US investment sources have claimed.
TRADE union Unite says there is "no chance" it will "instantly sign off" on more than 80 white-collar redundancies at ClydeUnion Pumps' plant at Cathcart in Glasgow, which were signalled by the operation's new US owner this week.
THE American corporation that bought Clyde Union Pumps for £750 million has signalled the possibility of job cuts by admitting it is looking at "potential restructuring actions".