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Up to four jobs could be lost at Dunedin exporter Farra Engineering following cancellation of a $1.8 million contract and the "recession in general", according to chief executive John Whitaker.
When contacted yesterday, he confirmed up to four staff from Farra's design and shop floor could be made redundant next week, after the company had completed the redundancy process.
During the past 14 months, Farra had seen a more than 10% financial downturn and staffing had been cut by 10 to 100.
Mr Whitaker said the latest redundancies were linked to both the recession and $1.8 million cancellation for a building maintenance unit for an Australian company.
He said the outlook for the year ahead was "still difficult trading", however, there were several "good prospects" coming up in the New Year which he hoped could become contracts.