Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Buckley Systems Repositions for Flexible Future

31 July 2014

Buckley Systems Repositions for Flexible Future

High-tech Kiwi manufacturer, Buckley Systems Ltd, today announced it has prudently made changes to its business operations to become more flexible in the face of developing market trends.

This step has been necessary to ensure the future viability of the business in the face of a cyclical downturn in sales combined with the continual strength of the New Zealand Dollar.

The changes will result in 45 job losses – 12 of them voluntary redundancies – made within the administration, semi-skilled and certain trade areas.

Mark Stolten, Chief Operating Officer, Buckley Systems says this is a situation the company has carefully considered, and today’s announcement is all about creating a flexible workforce.

“In this industry, it is inevitable that there will be times when we have to review numbers and it is always our absolute last resort but in the past we have re-hired on the upturn and we will certainly be looking to do that again.

“Our workers understand the cyclical nature of our business. We have good networks with other employers in the area and we are actively seeking alternative employment opportunities for our affected workers.

“I’d like to confirm that this is not a decision that has been taken lightly – we fought to retain as many jobs as possible, and will retain 200 highly skilled workers.

“Bill Buckley has invested heavily in the business over many years to ensure that we remain competitive in the global precision nuclear physics industry. Now, the smart move for us is to establish an even more highly flexible manufacturing system and workforce.

“Buckley Systems operates in a very cyclical industry and we are very experienced at maintaining a high degree of flexibility within our production areas to ensure that we retain expertise. Our production systems and machinery are highly specialised – losing staff that have been trained to work in our manufacturing areas is a blow,” Mr Stolten said.

The majority of Buckley Systems’ business centres on manufacturing and exporting the electromagnets used to create around 90 per cent of the world’s silicon chips, which drive virtually every piece of electronic technology on earth.

The business is a dominant supplier to the global market for precision electromagnets. These are used not just to implant the ions that make silicon chips work, but to treat cancer, run security scanners, make solar panels and flat-screen TVs, carbon-date objects and drive the giant particle accelerators at the bleeding edge of physics.

“Like many New Zealand exporters, we are continually making cost savings and improving efficiencies and Buckley Systems will continue investing in the future of the business,” Mr Stolten said.

“We have recently announced two executive appointments to lead our research programme and help ensure that Buckley Systems continues to stay at the forefront of the development curve in both product design and manufacturing techniques.

“Our company is proud to be 100% Kiwi-owned and operated, with all manufacturing based here – we are determined to ensure that we remain so, protecting as many jobs in New Zealand as we can in the process.

About Buckley Systems
Buckley Systems is a multi-award winning engineering manufacturer specialising in the global supply of precision electromagnets, charged particle beam line systems and high-vacuum equipment. Industry sectors include semiconductor ion implantation, medical therapy systems and particle accelerators for physics research. Based in Mt Wellington, Auckland, Buckley Systems has been at the forefront of systems engineering for 30 years, offering a total systems approach and specialised proprietary manufacturing processes.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news