A Gloucestershire engineering firm which shed more than 300 jobs last year is creating 125 new vacancies for young people in 2011 after a turnaround.
Renishaw, based in Wotton-under-Edge, said it was offering apprenticeships, graduate jobs and shorter placements.
The company, which specialises in industrial measuring equipment, said it had "recovered strongly since the worldwide recession".
The positions are in addition to 200 permanent vacancies already available.
About 100 of these are based at the company's four main sites in Gloucestershire. The rest are overseas.
Human resources manager Peter Bowler said: "With a shortage of engineering talent, we have to take control of our own future and develop high quality individuals to meet our future growth targets."
An increase in sales in China helped to boost the firm's fortunes in October.
A year earlier, the company shed some 300 jobs and staff were put on a four-day week after sales fell drastically.