Page 3 - Tim Johnston News Today

Enterprise Minister Tim Johnston on Monday's LVA meeting

Enterprise minister reacts to concerns raised at LVA meeting

Enterprise and Treasury ministers hosting forum this afternoon

We hear concerns from local businesses and a response from government

Follows private talks in what's described as a 'call to arms' meeting

But businesses told there are no plans to change VAT

DfE reacts to suggested rate increase

‘It’s a long-standing position that we have held and we are extremely proud to continue to do so’

Li-Cycle Holdings said as part of its cash preservation plan, the company will reduce its workforce at the corporate level. Li-Cycle expects to reduce approximately 60 positions, representing approximately 17% of the company's global workforce.

Li-Cycle is preparing to lay off 17% of its staff, including three senior executives, in a move to save cash and focus on building a processing facility in New York.