Up to 40 jobs are set to go at a South Yorkshire steel engineering firm.
Metal manufacturing specialist MTL Group, based at Grange Lane, Rotherham, has told staff of its plan to make a number of redundancies, after some of its existing contracts with other companies came to an end.
One member of staff, who asked not to be named, said it is believed between 35 and 40 jobs are to go.
Henry Shirman, MTL managing director, said it would be ‘insensitive’ to confirm precisely how many jobs are to be lost.
The company’s services include laser cutting, steel waterjet cutting and also machining.
Mr Shirman said despite the need to make job cuts, the company is still in a strong position.
He said: “MTL Group currently has the strongest order book in the company’s history, with several orders involving multi-year contracts, many for export customers.
“MTL has developed its export sales from less than half of 1 per cent in 2006 to almost 50 per cent of its total business and now exports to more than 40 countries worldwide.
In the same period we have created more than 260 new jobs.
“Some of our contracts have reached completion and we are taking appropriate steps to right-size our staffing levels to better position the company for future growth.
“Almost half the people leaving have accepted the company’s offer of voluntary separation and several others, having reached a certain age have decided to retire.”