15 per cent will go by Christmas

Winch giant Lewmar is cutting 15 per cent of its workforce as the debt crisis deepens. The UK marine equipment manufacturer is anticipating 20 per cent less business in 2012

Lewmar blamed the euro crisis for forcing the company to slash 30 staff from its UK head office in Havant by 30.

The move is in response to key customers predicting a decrease in business of up to 20 per cent in 2012, says Lewmar. The lay-offs will take effect by year-end.

‘The redundancies will affect the volume-related workforce which flexes up and down depending on the order book, and are directly related to a decrease in volume of business anticipated in trade during 2012,’ a spokesman said.

Lewmar has designed and manufactured marine equipment from its Hampshire base for over 60 years. Its products include anchors, winches, windlasses, hatches, hardware, rigging, steering and bow thrusters.