TEXTILE firm Platt Saco Lowell went into administration, prompting fears for the firm's 268 jobs. The Accrington based firm had recorded a loss of £500,000 over the previous year. The announcement followed the loss of 140 jobs at Oswaldtwistle's Daisy Dairy.
The news came as Britain's jobless total was poised to break the three million barrier for the first time in six years.
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