Almost 50 jobs have been put at risk at an industrial manufacturer in a move which the business said could save around €1.6m a year.Exel Composites has launched consultations with 48 employees at its Runcorn site over the possibility of downsizing its operations. The business, which is headquartered in Finland, designs, manufactures and sells composite profiles and tubes for industrial applications. READ MORE: Click here to sign up to the BusinessLive North West newsletter In a statement, the company said: “Currently Exel Composites’ European operations include several small production sites. “To improve Group’s efficiency and profitability downsizing of the operations is proposed. “The downsizing review will follow UK legislation and any resulting changes will be completed to ensure minimal impact on customers. “The potential downsizing would be es …
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