Five redundancies are being made at Braddan-based agricultural supplier Isle of Man Farmers.
The jobs are going in the workshop and spares department.
Manager Jim Duncan says a sharp decline in the sale of machinery is at the heart of the problem.
It will reduce the work force at the firm, based at the bottom of Richmond Hill, from 12 to 7.
Mr Duncan says he cannot comment further until he has met with the committee that run the concern, in a weeks time.
Summerland justice group welcomes Stardust verdict
Irish inquest finds 48 people were unlawfully killed
Data breach an isolated incident says Manx Care
160 patients contacted after patient records found in ex-employee's home
Castletown Commissioners want feedback from residents about southern amenity site
It follows a 'notable increase' in enquiries about the site
Hospitality bosses to attend 'call to arms' meeting
Private event being held at Creg ny Baa today
160 patients written to after medical records found in ex-Manx Care employee's home
Healthcare provider has apologised to those affected
Sole applicant elected to Andreas Parish Commissioners
Adam Silverston elected on Wednesday night
