An 80-year-old firm which has just expanded operations at its Chorley headquarters, creating new jobs, is understood to have announced shock redundancies.
Workers at Ennis-Flint EMEA, the world leader in road markings and traffic safety solutions, based at the Chorley North Industrial Park, are said to be stunned.
Previously called Ennis-Prismo, the company employs 75 people in the UK and has 20 other locations across the world.
Bosses are said to have flown to Chorley from the USA and it is understood at least one manager at the site has left immediately.
One worker, who asked not to be named, told the Guardian that employees were worried about their jobs.
The worker said: “There’s a climate of fear here at the moment. People that have worked here for years, no-one is saying anything because they are all looking after their own interests.”
The number of proposed redundancies is not known. However it is also understood staff received redundancy notices last week and have been given until this Friday, September 26 to enter into consultations.
Previously Ennis-Prismo, Ennis Flint is the market leader in the Americas and has been growing steadily in the European, Middle East and African, (EMEA) territories to now occupy a strong market position.
The company, which has an annual turnover of £35m, can trace its origins back to 1935.
The demand for its products and services has resulted in the Chorley operation taking 24,000 sq ft of industrial space.
Last month, Keith Dawson, managing director of Ennis Flint EMEA, said: “Our strong growth fuelled by an increase in new business in the EMEA regions has meant we have needed a bigger site that gives us the ability to increase productivity.
“In addition, the benefit of being located next to the motorway means that we can despatch our products to UK and international clients quickly and efficiently.
“Furthermore, the local workforce was another deciding factor in increasing the size of our presence at Chorley North Industrial Park – we have access to highly trained people committed to working for one of the world’s leading businesses in its field.”
Ennis Flint is taking a 10 year lease at the site and said to be creating four new jobs as part of its expansion plans.
The company declined to comment.