RADCLIFFE-based Trumeter Company Ltd has announced 14 redundancies. The job losses among the 126-strong workforce at the firm's Milltown Street headquarters is blamed on the recession in two of the company's major overseas markets - Germany and France and, to a lesser extent, the United States.
The business, run by Bolton and Bury Chamber of Commerce president Mr Peter Weidenbaum, makes counting, timing and measuring instruments.
The number of job losses is considerably less than the 30 or 40 rumoured before the announcement.
Mr Weidenbaum said the company currently exported 65pc of its output.
Falling demand was as a result of a slow down in manufacturing industries in their vulnerable export markets.
Mr Weidenbaum said today: "Trumeter regard this as a temporary hiccup and still takes an optimistic view of its future prospects.
"The company prides itself on good industrial relations and does not take a redundancy situation lightly."
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