MORE than 100 jobs are set to be axed at Caterpillar, in Peterlee, as bosses look to cope with fluctuating market conditions.
The truck manufacturer, in Mill Hill, is looking at making around 70 production staff and 45 office workers redundant from its 740-strong workforce
It comes after the firm released 70 agency workers on Friday, September 27.
Easington MP Grahame Morris said this wave of redundancies is “disappointing” and he hopes it will place Caterpillar in a stronger long-term position.
Bosses are asking for voluntary redundancies.
Mr Morris said: “The continuing success of Caterpillar is important to our manufacturing base in East Durham.
“Personally I don’t differentiate between agency and core staff being made redundant, all job losses are a blow to families affected, especially in the run-up to Christmas.”
A Caterpillar spokeswoman said: “We value our employees’ contributions, and these actions are not a reflection of them, but rather of the business climate.
“As a consequence of the market conditions, our facility is operating at less than its installed capacity and we expect demand will remain relatively flat year on year. It is our intent to reduce the structure to reflect the industry demand and position the facility for long-term competitiveness.”
A 45-day consultation period began on September 22 and will end in November.