33 jobs are on the line after Element Six announced it could be leaving the Island.
The synthetic diamond materials company is planning to move all production functions from its Isle of Man site to Ireland and South Africa.
In a statement released by the company it says it needs to 'simplify our operational footprint' and the closure 'does not in any way reflect the performance of the Isle of Man operation'.
Financial planning company opens new northern office
Government launches business survey
Villa Marina hosts huge career fair
26 new units planned for Balthane Industrial Estate
UK holiday company to offer walking trips on the Island
Two industrial units planned for estate
Financial regulator proposes higher fees
Chance to air your views on mortgage brokers