The Scotsman (p1) reports that the company blamed its decision on the collapse of the world market in semiconductors. The leader of Inverclyde Council, Harry Mulholland, said he was upset at the news.
Mr Mulholland said: 'This will almost double our unemployment rate. It's a disastrous blow for the area. There are many members of the community whose whole families work in the plant, so job losses could have a terrible effect on people's living standards and their ability to pay their mortgages.