PIRELLI Cables is to axe up to 42 staff jobs and 25 hourly-paid jobs from the installation section of its High Voltage Systems operation.
The news comes less than two weeks after the giant cablemakers pulled the plug on 185 posts at its Bishopstoke plant, blaming a dramatic global downturn in the telecommunications and transfer industries.
The company said its glass fibre unit at Bishopstoke - which makes the raw material for optical fibre cable for the telecommunications industry - would be "moth-balled" so that production could be started again, if market conditions improved.
A spokeswoman for Pirelli said that although the HV Systems operation had an office at Bishopstoke, the people involved in the latest round of job cuts worked countrywide.
She added that the company was looking to deal with the job losses by way of voluntary redundancies.
It is understood that the latest cuts are the result of a reduction in planned work that is anticipated to continue into 2004.
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