Ellies, the maker of satellite dishes and TV aerials, is planning to retrench close to 200 workers at its subsidiary, Ellies Electronics.
The equipment manufacturer has served trade unions with section 189 notices.
It added that Ellies Electronics will enter into a formal consultation process with relevant stakeholders, regarding the restructuring of its goods receiving, warehousing, distribution, logistics and head office functions.
The company attributed the restructuring to ongoing financial losses experienced by Ellies Electronics.
“The restructuring will result in the rationalisation of overheads and the realisation of other efficiencies required to restore profitability and ensure the existence and longevity of the company going forward,” the company informed investors on Monday.
“The S189 process follows a detailed review of the affected operations which included the simulation of alternative scenarios to minimize job losses.”
It said that about 183 jobs are expected to be affected due to the restructuring.