British Polythene Industries (BPI) has announced that 165 employees will be made redundant at their site in Stockton-on-Tees.
In the last two years, BPI have suffered significant losses due to a dramatic fall in demand for their products. The company expects “little prospect for improvement as the UK economy enters recession.
“Regrettably there will be up to 165 job losses. Redundancy consultations have commenced with employees.”
BPI supplies construction firms with industrial films and heavy duty sacks. As the building industry has slumped they have been badly affected, losing £2.5 million this year.
They are considering moving production from Stockton to other sites in the BPI group. This would potentially create 40 jobs in 2009.
“Every effort will be made to find alternative employment either within or outside BPI.”
Pictured: BPI’s main customers are construction firms.