Firm highlights need to save cash

Staff at a measuring equipment factory in Gloucestershire have been warned that redundancies might be necessary if the firm does not save money.

Earlier this month workers at Renishaw in Wotton-Under-Edge were put on a four-day week and managers were asking them to work extra hours voluntarily.

It is hoped this extra work will help keep the company afloat.

Employees had been warned if they do not agree it increases the risk of additional redundancies.

The company which manufactures precision measuring equipment is one of the county's biggest employers.

It says some of its products are selling well and while the company is profitable it is not immune from the economic downturn.

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