Todmorden’s biggest employer is looking to cut 47 jobs.
Weir Minerals Europe - which has its headquarters in Todmorden where it employs 440 people - wants to shed 5 per cent of the 800 workforce.
Most of those jobs are expected to be lost in Todmorden and consultations with its staff are now underway.
The business supplies equipment to the mining, sand and gravel industries throughout Europe.
That includes pumps, valves and wear resistant linings for mining and mineral processing and only last year it was recognised with the Queen’s Award for Enterprise.
But, difficult trading conditions abroad as led to the business looking to reduce its workforce.
Managing director of Weir Minerals Europe, Tony Locke, said it was a very difficult decision and one that was not taken lightly.
“As a business serving markets all over the world, we need to be responsive to the global economy and the changing circumstances of our customers,” he said.
“Our European operations need to adjust to reflect the changes within the markets we serve. Every effort is being made to keep redundancies to a minimum and to mitigate the consequences, both on a personal level and to the busines, to ensure that core skills and focus on world-class engineering are retained.”
The Queen’s Award was given in recognition of sustained growth in international sales over the last six years.