Hi-tech firm Siemens Magnet Technology has axed 45 jobs due to a slowdown in its key healthcare market.
Staff at the factory based in Eynsham, were told the news as they came into work this morning and bosses said they were now looking for volunteers to come forward during a 30-day consultation process.
The company manufactures the magnets used in magnetic resonancing imaging (MRI) scanners in hospitals around the world.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article