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01Oct92 UK: WATES MAY CUT 40% OF WORKFORCE.

Building contractor Wates is thought to be shedding as much as 40 per cent of its workforce as part of a major shake-up and restructure. Last year the company was employing on average more than 1,000 people.The restructuring of the £200 million turnover company is expected to mean the scrapping of some of the group's satellite operation The company would not comment on the moves.

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