Electronic firm FFEI in Bretton Way, Bretton, could shed up to 60 staff after plans to move the business out of the city were confirmed.

There was also devastating news for about 50 workers at Bryant Peterborough, owned by housebuilder Taylor Wimpey, which announced plans to close 13 regional offices, including Bryant Homes at Lynch Wood Business Park.

The double blow follows the laying off of 420 workers at Indesit in Woodston – ending more than half a century of fridge production at the Morley Way site.

In April, The ET reported that workers at FFEI faced an uncertain future under proposals to relocate the facility to a new site outside Peterborough.

Speaking today, managing director Andy Cook confirmed that following a lengthy consultation period, the closure of the company's city base would take place in December and the relocation to Hemel Hempstead would go ahead.

But he said every effort would be made to transfer staff to the new operation and minimise redundancies.

He said: "We began our consultation just before Easter with the employee forum group, which represents the union and employees, and went through nine or 10 meetings and full evaluations of the site move.

"Due to concerns regarding both business and practical reasons, we will be going to proceed."

He said the company would relocate in October, with as many staff as possible would be found jobs in Hemel Hempstead.

Mr Cook added: "Staff have been very practical and open, but obviously some people will not be happy about the commute.

"There will be a transition period for staff to allow them to make the choice whether they want the move to be permanent or not, and we will give them the support during this time."

A shellshocked worker, who didn't want to be named, said: "We got a letter on Friday to say all the jobs were going and the site would be closing by Christmas.

"We are all pretty disappointed."

At its height, the 13,000 sq/m Peterborough factory, which used to be owned by camera film maker Fuji, employed about 250 people.

Meanwhile at Taylor Wimpey, staff consultations are taking place, with some workers possibly being offered transfers to other offices.

Chief executive Peter Redfern said: "Our experience in the US, and historically in the UK, is that when housing markets slow, those that react most quickly and decisively become stronger businesses, and provide the most secure and positive environment for their continuing staff."