Hetronic Malta said today that its employees, including senior management, will work on a 30-hour week from next Monday. The Mosta Technopark factory produces radio remote control equipment.

It said the decision was taken due to a severe reduction in orders brought on by the current economic climate.

Consultations have been held with the Director, Department of Industrial and Employment Relations and the workers.

"The situation is to be closely monitored by management who will continue to keep employees regularly informed as to whether this measure may be stopped prematurely or whether an extension or further measures may be necessary," the company said.

It thanked the local banking industry for stepping in to help the employees with their home loans arrangements.

Hetronic Malta is the largest production plant of the US-based Hetronic group. It was set up here 13 years ago and employs 160.