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24Sep92 UK: TARMAC CHIEFS PLAN NEW ROUND OF CUTS AS INTERIM RESULTS SHOW PRETAX LOSS OF £15.1M.

Tarmac is planning to cut back its housing division and reduce debt by speeding up sales of parts of its industrial products and property divisions.The company may also make further cuts in its construction, quarry products and building materials divisions, despite shedding 3,000 jobs - 10 per cent of its workforce - so far this year.Chief executive Neville Simms said trading conditions in the second half of the year remained 'extremely difficult' when he unveiled a first half pre-tax ...

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