Nidec, the company which operates Control techniques have announced that 65 employees – over 10 per cent of their Newtown workforce – are facing redundancy.
The company, which is the biggest private employer in Newtown, has said that the decision has been made due to “depressed global market conditions”.
It is the second time in a year that the company has announced a similar restructure, following news in January that Nidec was consulting on removing 98 roles in Newtown.
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In a statement Nidec said: “The proposed restructuring could lead to the loss of up to 65 jobs; but it is expected that there would be some opportunity for redeployment into other roles in the company. Nidec Drives currently employs 636 people at these facilities.
“The proposed change is due to ongoing depressed global market conditions and the resulting challenging business environment, which is expected to extend beyond 2024 and into 2025.
“To provide a solid platform for growth when markets recover and right size costs to current and predicted market conditions, Nidec Drives is considering a proposal, subject to consultation with affected employees and employee representatives, to restructure staff levels at both the UK manufacturing and World Headquarters facilities based in Newtown.”
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The company, which manufactures electric motor control technology for industry, has insisted it is still committed to the region.
The company added: “Nidec Drives is committed to being a key employer in this region, as well as a high-quality reliable partner to their customers both in the UK and globally, and any restructuring decision will be made with these priorities in mind.
“Employees affected by any restructuring decision would be offered a redundancy package including outplacement support services.
“Nidec Drives will work closely with their Employee Action Group and government at a local and national level to ensure provision of as much assistance and support as possible.”
