ALMOST 50 Ipswich people could lose their jobs as CompAir proposes to close its foundry.CompAir, one of the world's leading compressed air and gas system manufacturers, has announced it may cease the production of castings.
ALMOST 50 Ipswich people could lose their jobs as CompAir proposes to close its foundry.
CompAir, one of the world's leading compressed air and gas system manufacturers, has announced it may cease the production of castings.
This would see the closure of its Ipswich-based foundry – and put 48 people out of a job.
The proposal comes as CompAir attempts to become increasingly competitive.
A company spokesman said: "This is a strategic decision as part of our efforts to build a strong and competitive business by concentrating on the core manufacturing technologies associated with our products.
"While it is with regret that we have had to make these difficult local changes, we are operating in an increasingly cost conscious market and we therefore propose to cease casting production next February."
The proposal to close the foundry is currently under a three-month consultation, during which time all alternatives will be considered and employee representatives will be consulted.
The final decision will be made early next year.
Even if the foundry does close in February, this will not affect the jobs of the 140 other employees based at CompAir's Ipswich manufacturing site.
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