Around 42 redundancies were made by Guilford Europe Ltd, which is based on Cotes Park Industrial Estate, on 24th November in response to the downturn in the world's economy.
It is understand as many as 50 more workers could be laid off by tomorrow (Friday).
The branch are part of a Europe-wide which sells and manufactures cars, autoparts and aftercare products.
One former worker, who wished to remain anonymous, told Chad he felt gutted and was not confident of getting another job in the industry.
"This is the worst possible timing in the run up to Christmas,"he said. "There were rumours that jobs were going to go but we hoped it would not happen.
"The losses were compulsory so we didn't have much of a choice. I am not optimistic that I will find another job in this industry with the way things are at the moment. It is very upsetting for all concerned."
Chad are currently attempting to get a statement from the company.
For further updates on this story return to www.chad.co.uk.
Have you been made reduntant by the firm or know anyone who has just lost their job? If so Chad would like to hear from you. Call Stephen Thirkill on Mansfield 464758 or email stephen.thirkill@chad.co.uk. The full article contains 245 words and appears in n/a newspaper.
