An aerospace company based in Derbyshire is to shed 69 jobs because of the economic downtown.
Gardner Aerospace, which employs 220 people at its site on Cotmonhay Road in Ilkeston, said the rate of recovery has been slower than expected.
Consultations with staff will begin immediately, Gardner spokesman Chris Morris said.
Gardner supplies metallic aerospace products to Airbus, Rolls-Royce, GKN, and other aviation companies.
Mr Morris said: "We have seen reduced revenues on a number of our programmes, and this impact has been sustained despite growth in our aero structures order book."
But he said the firm's medium-term prospects are better as he expects revenue to increase gradually. The Ilkeston-based firm intends to eventually relocate to a new site locally.
Earlier this month Gardner announced it was planning to relocate its plant in south Wales to Essex.
Gardner has five manufacturing sites in the UK and two in Poland.
"Over the medium to longer term, we believe Gardner Aerospace - Ilkeston will be well positioned to return to sustainable growth," Mr Morris said.