FIFTY jobs are to be axed with the closure of a South Yorkshire factory.
Huddersfield-based firm Marshalls has announced plans to close its site in Maltby by the end of the year because of a worse-than-feared slump in the building industry due to the recession.
The company said up to 50 staff would be affected but it hoped to limit cuts by redeploying staff elsewhere in the business or with other local employers.
The firm is also consulting over cuts across the wider business.
The move follows notice of 50 job losses at Sheffield engineering firm Bifrangi, based at Blackburn.
Details of the Maltby closure came as the company reported a 38 per cent fall in half-year pre-tax profits to £7.6m from £12.2m for the same period last year.
Marshalls said while the weather had since improved, the outlook for the construction sector had deteriorated.
Chief executive Graham Holden said cost cutting would help the group tackle the bleak conditions.
The company said while operations were being shut down at Maltby it would retain the site in the hope of reactivating works when trading conditions improved.
The Maltby plant was bought by Marshalls in 1969 and is one of 12 concrete factories owned by the group.
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