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Rakon to shut English factory

Editorial
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New Zealand-listed electronics manufacturer Rakon has announced that it will shut its Lincoln, England factory, shedding nearly 90 jobs.

Fairfax reports that a review found duplications between Rakon's NZ and British operations, both of which make the company’s Pluto range of crystal oscillators.

No set timeline was given for the closure of the Lincoln site, but the company said it would continue its English R&D at Harlow.

The company said it was too early to say whether there would be jobs created in NZ as a result of the restructuring.

Image: http://www.teara.govt.nz/

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