Fifty per cent of Enztec staff get the boot (Stuff.co.nz)
Funding difficulties for its United States parent has forced Christchurch medical device manufacturer Enztec to lay off nearly half its staff at its Sockburn site.
In April last year, Enztec had about 44 staff and said it was on a growth path. It had invested close to $1 million in new equipment and was looking to hire three more staff.
Enztec general manager Stephen O'Neill said the layoffs were due to Enztec's parent holding company and sole shareholder, United States-based Orthopaedic Synergy Inc (OSI), experiencing "funding difficulties".
"It is very, very sad," O'Neill said.
"There's been a backing off from growth and funding difficulties in our parent company in the US and that's led to us having to do a restructuring process and cutbacks here."
He did not want to comment on why or how OSI had experienced funding difficulties.
The layoffs had been taking place during three weeks and the process was nearly complete.
About 22 positions were being made redundant, some of which were already vacant, O'Neill said.
Staff across all parts of the company, which designs and manufactures instruments used in orthopaedic surgery, w...
