The Isle of Man's manufacturing industry has been dealt a blow today with news 60 jobs are to go at Strix in Ramsey.
The kettle component makers will transfer the work to China, where costs are lower.
Trade and Industry Minister David Cretney says the government is doing all it can for those affected by the cuts, including helping workers find new jobs.
He says the Isle of Man must maintain its standards against the rise of low-wage economies:
Ministers to meet with LVA to discuss hospitality concerns
Comes after concerns raised about the issues facing the industry
Looneys of Ramsey to close
Number of factors behind the decision
Trade is good, but it's still a struggle to make a profit, says local business
Comes after calls for gov't to do more to help hospitality sector
Villiers Square development plans approved
Two buildings proposed for the site
Developer offers Newson's building to government 'free of charge'
But government minister thinks it wouldn't be appropriate to accept
Financial education course launched through UCM
Two-year course combines various qualifications
