Firms look to cut costs

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TWO companies in Sudbury and Great Waldingfield have said they are looking to make cost savings in their respective business, which might lead to job losses.

Siemens, which has a healthcare diagnostics manufacturing unit on Chilton Industrial Estate in Sudbury, said it had recently made an announcement following the release of its financial figures that it planned to introduce measures to make “efficiencies” in its healthcare division.

A spokeswoman for the company said: “As stated in our press release dated November 10, there will be measures to make diagnostics more cost efficient, but we can’t comment on the processes at this stage as measures are not yet fully defined.”

She was unable to comment on whether it would lead to redundancies at the Sudbury factory but said the company’s announcement of its measures for a changing healthcare market may have lead to speculation over any potential job loses at the site.

Siemens is one of the world’s largest suppliers to the healthcare industry specialising in medical imaging, laboratory diagnostics, medical information technology, and hearing aids.

The company held a celebratory event to mark the occasion of its 50,000 chemistry analyser coming off the production line in Sudbury.

It employs 16,000 people in the UK, including about 6,000 in the manufacturing sector with its headquarters in Frimley, Surrey.

At BM Tankering, in Waldingfield Road, manager Chris Tracey said the company was “restructuring” and would be looking to make savings. He

said it might lead to redundancies.

The company, which employs 25 people, has been operating in the area for 14 years.

He said the current economic climate and increase in fuel costs had forced the company to look for cost cuts. He said: “Most people are feeling the pinch and we have to cut our cloth accordingly.”