Allen-Vanguard axes jobs as it closes its Tewkesbury operations
Redundancies will be made at Allen-Vanguard in Tewkesbury after the firm announced it will cease operations at the site.
Manufacturing operations at the site will finish by the end of 2012 with just 23 staff being kept on.
Many of the jobs will be going to Canada.
The company, which has around 100 members of staff, builds counter-terrorism devices such as bomb disposal robots.
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Dennis Morris, company president and chief executive, confirmed the news, which was first broken by the Echo in September.
Mr Morris said: "These actions will regrettably result in redundancies at the site.
"In the course of our business planning, it became clear that the projected revenue for the Tewkesbury products is dropping significantly and the trend is projected to continue for the foreseeable future.
"These market factors required the company to streamline its cost structure to align with business expectations."
Implementation of this decision will result in outsourcing the manufacturing of the electronics business product line to contract manufacturers located in the UK.
The company will move production of its remotely operated vehicle (ROV) product line to Ottawa, Canada, where there is existing infrastructure.
The company says it will explore alternative methods to maintain ROV capability as part of integrated solutions to its customers.
It will also transfer assembly of its Search products to Canada, where regulations permit, and to outsource in the UK where required.
The changes will result in retaining 23 core staff to support technical, engineering, sales and support capabilities at the Tewkesbury site.
Mr Morris added: "We understand it is difficult for the affected employees. We are in discussions with the individual employees affected by this announcement as to its impact on them and we will provide services and support to make the transition as smooth as possible."