Cutbacks As Jobs Go West

Summary


Anti-forgery company Applied Optical Technologies has admitted its future lies across the Atlantic as it looks to reduce its operation in the North-East.

The company is in consultation with its workforce in Washington, Tyne and Wear, about a further reduction in staff numbers and is set to scale back its presence there from two offices to one.

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Extract


Cutbacks As Jobs Go West

The move has been prompted by continuing losses in its European operation, which is based in Washington and makes holo...

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