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Blue Arrow plans £6.5m cost cuts

13 April 2012

CORPORATE Services Group, better-known as Blue Arrow, is to cut costs to save £6.5m next year. It will include three-figure redundancies among its 2,000 staff in America and Britain, the HQ at Victoria and offices at Luton being hardest hit. The group lost £94.4m at the interim stage. New executive chairman Julian Treger hopes the cuts will leave it close to break-even.

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