More than 100 jobs likely to go at one of Corby's biggest employers

RS Components have a large distribution centre at Birchington Road IN Corby

A company has blamed "challenging" industrial and electronics markets for its decision to cut more than 130 jobs.

RS Components, in Corby, is one of the Northamptonshire town's biggest employers.

The firm, which distributes electronic products, said a consultation process was under way and job losses would be phased in until November.

In a statement it pledged to "limit the impact on our people" and support anyone affected by the changes.

RS Components has nearly 8,000 employees across the world

RS Components started life as Radiospares in London in 1937.

It opened a distribution centre in Corby in 1984, as the town was recovering from the closure of most of its steel works.

The latest job losses, first reported in the Evening Telegraph, follow 200 redundancies made in 2020.

A statement from RS Group said: "The industrial and electronics markets we serve remain challenging and we have taken the difficult decision to reduce some roles to position the business for long-term success.

"We can confirm that we are consulting on a proposed reduction of circa 130 roles in Corby, phased through to November 2024.

"However, until the consultation process is concluded we cannot confirm this."

RS Components handles about 750,000 different products

The firm added that it was doing everything it could to "limit any impact on our employees as we position the business for long-term success."

RS Components said it would be engaging with its European Workers Council and unions, and would be offering support to anyone affected by the changes.