Electronics manufacturer will also reduce shift working under new ‘restructuring programme’
Ilfracombe electronic manufacturer TDK Lambda has announced today (Wednesday) it is proposing to shed 14 jobs.
The company said the restructuring programme for its manufacturing workforce would also see a reduction in shift working as part of efforts to combat a predicted drop in sales.
In a statement, TDK Lambda said: “It is very much regretted that this action is proving necessary, but it is important that the company remains competitive in the current global economic climate and is in a solid position for future growth.”
The company said it would now consult with employee representatives to consider ways of achieving the reductions and it would be seeking voluntary redundancies.
TDK-Lambda UK currently employs over 300 people in the UK.