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Redundancies at Swallowfield as recession grips
2:30pm Wednesday 6th March 2013 in News
JOBS have been cut at one of Wellington's biggest employers, it has emerged.
Cosmetics manufacturer Swallowfield announced this week it has taken various cost-cutting measures over the last nine months, including making an undisclosed number of posts redundant.
A statement read: “In light of the current financial climate and in order to secure the economic sustainability of Swallowfield, we have taken a number of steps in the past few months to reduce costs.
“This included a thorough review of all our suppliers and purchasing prices. We are pleased to report that this process has had a positive impact on our external expenditure.”
The firm also announced that chief executive Ian Mackinnon (pictured) will step down after 13 years at the helm.
The statement continued: “We have also focused on ways to improve efficiencies during production which involved reassigning staff to other roles.
“Unfortunately, as part of our improved efficiency initiatives, there have been few instances of redundancies, however, we have managed to keep this to an extremely low number over the past nine months.
“As part of the reorganisation we have managed to minimise job losses and are now in a position to move forward as a business.”