US electronics and connectors manufacturer AMP is to close three factories in the UK and streamline its remaining facilities.
The firm says it cannot meet the fierce margins in the computer industry.
The $5bn turnover organisation is to close factories, all in Torrington, Devon, and transfer production to its plants at Bideford and Port Glasgow.
About 90 jobs are likely to go, some in management. The company has not yet decided how many redundancies will be compulsory.
`We need to improve the profitability of the company,’ said AMP. `We sell to a very competitive and price sensitive market. We see our competitors switching production to cheaper labour countries, which we don’t want to do, but we’ve got to keep competitive.’
AMP will sustain all its product lines by investing in new equipment to increase productivity.
It expects to close two Torrington sites in June; the timing of the third has yet to be decided. The company will also move out of its headquarters in Stanmore.
AMP employs 1,200 people in the UK, and 6,000 in Europe as a whole.