Optoma Broker Solutions will be making a number of redundancies as a result of efforts to consolidate offices.
The firm will move the remainder of its Leatherhead packaging operation to its Huntingdon office at the end of March 2008.
Optoma recently entered into a period of consultation with staff to discuss possible alternatives to moving the operation but subsequently decided that the move would be the most appropriate way to take the brand forward.
Redundancies will be made with the closure of the Leatherhead site.
Andrew Seymour, chief executive officer and chairman of Optoma, says: “This has been an incredibly hard decision to make as the commitment and quality of our staff is second to none.
“It is an unfortunate reflection of the current climate in the global credit markets and a necessary course of action for the long-term protection of the business. Leatherhead has been our home for the last seven years so it is very sad indeed to say goodbye.”
Optoma are currently in the process of contacting all of their business partners to inform them of their change of address and contacts. Northern Ireland and Scotland operations remain unaffected.