British laboratory and clinic testing kit maker Immunodiagnostic Systems says slumping sales have cost 31 jobs at its Boldon manufacturing facility over the past 12 months.
In its full-year trading update, the company said full-year sales for the 12 months ended March 31 fell 13% to about £39 million ($57 million). The company, which makes both manual and automated testing kits, said the losses were mostly due to sluggish sales in its manual assay business where test volumes continue to move toward automated solutions where there is more competition, the Chronicle reported.
Immunodiagnostic reported a total of 315 employees on a full time basis, which is down 31 from a year ago.
The company has manufacturing facilities in Boldon and Italy, as well as an instrument production and system engineering in France and a manufacturing facility in Liege, Belgium.
The declines in sales are expected to last through this year.
- check out the Chronicle story
Related Articles:
Embark Veterinary launches DNA testing kit for dogs
European investor shells out $118M for DNA testing outfit to boost animal Dx offerings
Image courtesy of Immunodiagnostic Systems