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Axe hovers over 46 jobs in techno firm

PUBLISHED: 13:52 09 July 2001 | UPDATED: 10:18 03 March 2010

AS many as 46 employees of Martlesham Heath firm, Profec Technologies could lose their jobs as the company takes drastic measures to remain effective.

The Betts Avenue company has begun negotiations with nominated representatives from the workforce, but bosses may find it necessary to make compulsory cuts.

AS many as 46 employees of Martlesham Heath firm, Profec Technologies could lose their jobs as the company takes drastic measures to remain effective.

The Betts Avenue company has begun negotiations with nominated representatives from the workforce and although bosses are hoping enough volunteers will come forward to take voluntary redundancy, it may find it necessary to make compulsory cuts.

Kevin McGrane, vice president, research and development technology, said that in order to enter the statutory 30-day consultation and notification period with the Department of Trade and Industry, the original announcement was the loss of more than 20 jobs.

"Since that notice was published we have notified the DTI and the employees that the potential cuts could be as many as 46 out of our workforce of 73.

"The company has put proposals to the workforce that would, if accepted, reduce the number of jobs lost to 28," he added.

They are prepared to consider volunteers from all areas of the business but Mr McGrane said the company reserves the right not to accept volunteers for any reason.

Profec Technologies Limited designs and manufactures components for computer telephony, voice recording and logging.

Its customers are computer, datacoms and telecoms markets which have seen rapid decline this year.

The slowdown in the US market began earlier in the year and it has both spread and accelerated.

Mr McGrane, added: "Telecoms operators, many of whom are burdened with debt due to the costs of acquiring 3G (third generation) wireless licences, have put capital expenditure for new equipment to roll-out new services, on hold. As a component supplier Profec has been severely hit.

"The Engineering Employers' Federation indicated this month that their members were seeing the fastest slowdown in orders since 1975, that earlier more optimisitc forecasts were not being realised and that the electronics sector was being hardest hit," he added.

The company was formed in 1968 and 30 years later it received the Queen's Award for Technical Achievement. With its trademark, ETAL, the company became part of the Profec Group in September 1999.

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