A total of 55 people have entered into redundancy consultations at one of the Ribble Valley’s biggest employers.
Consultations have begun with workers at Johnson Matthey following challenging marketing conditions for the industry and China’s economic slowdown, the company said..
Johnson Matthey is a global chemical company. It has a base at the former ICI factory off Pimlico Road, Clitheroe.
Its Process Technologies (PT) business supplies catalysts, absorbants and licensed technologies to the petrochemical, syngas oil refining and gas processing industries.
A spokesman for the firm, which employs 280 workers in Clitheroe, attributed the redundancies to “challenging market conditions, such as the low oil price and the slowdown in the Chinese economy.”
He added: “The consultation is a necessary step and an important part of our plans to ensure PT remains a competitive and market-leading business and has a strong and successful future. We recognise this is an unsettling time for the business and we are offering full support to our employees during this period.”
Ribble Valley MP Nigel Evans has spoken to the management at Johnson Matthey and has offered to speak with ministers from The Department for Business, Innovation and Skills to see if they can offer help.