The company said it has been facing "challenging market conditions" and will have to "streamline some of its processes" with about 9% of the workforce being let go.
The company, which made about 40 staff redundant earlier this year, posted a £69m pre-tax loss in 2022 but yesterday stressed it had made significant progress this year on plans to improve efficiencies and has a strong order book.
However, the Stonehouse-headquartered business has not been "immune to market forces" and a recent review of the business highlighted that it had to strengthen its resilience against potential future market fluctuations and build a stronger business in anticipation of the market returning to normal.
It means it will be "streamlining some of its processes" with an aim to keep its most experienced and skilled workers with "an increased focus on quality and operational efficiency".
Bu hikaye The Herald dergisinin December 04, 2024 sayısından alınmıştır.
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Bu hikaye The Herald dergisinin December 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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