Buckley Systems to lay off staff

Last updated 05:00 01/08/2014

Relevant offers

Industries

‘Ransomware’ scare for Christchurch law firm Cavell Leitch Reefton braces for loss of local goldmine Business Hall of Fame: The glittering event John Sax: the ethical property magnate Finance diary High court bid in wings to shed light on TPP talks Inland port at Rolleston means more freight for Timaru Port of Tauranga opens its Canterbury inland port Windows 10 uses customers' computers to distribute updates Why faking your CV is a popular pastime

Forty employees at Buckley Systems will learn their fate today when redundancies are announced.

Two weeks ago the firm said 40 people at its Mt Wellington site would be laid off due to an over-inflated dollar.

Ahlene McKee, EPMU lead organiser, said Buckley Systems had been cooperating with the union during a difficult time.

‘‘There’s been consultation and they’re moving to inform them tomorrow,’’ she said last night.

EPMU members will be entitled to redundancy compensation as part of their collective agreement.

Buckley Systems makes machines containing powerful magnets which fire lasers at silicon wafers to turn them into semi-conductive computer chips. It supplies these chips to 80 per cent of the world’s markets.

It is also part of an emerging market for new, non-invasive cancer treatments, particularly proton therapy, where a laser beam is fired through the skin to attack tumours.

The company was established in 1986 and in 2012 its founder, Bill Buckley, was a finalist for the World Entrepreneur of The Year award in Monte Carlo.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content