UK’s Trifast to cut 10% jobs globally

The UK maker and distributor of industrial fastenings Trifast forecasts a decline in 2024 fiscal year revenue to reach around 230 million pound Sterling, which can lead to 10 per cent cut of its non-operational staff globally, Reuters reported on Monday.

Trifast said its restructuring programme including job cuts would save around three million pound Sterling annually. The company employs around 1,300 people across its business.