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

 

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

ALSO:

Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

ALSO:

Science Media Centre: Viral Science And Another 'Big Dry'?

"Potentially, if there is no significant rainfall for the next month or so, we could be heading into one of the worst nation-wide droughts we’ve seen for some time," warns NIWA principal climate scientist Dr Andrew Tait. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news