Electronics Weekly
The company said the charge would be taken in 2005.
It also warned that profit for the year to the end of September 2005 will be up to 25 per cent below forecasts.
The firm said pre-tax profit will not be less than £8m, which compares to £10m in 2004.
The firm said: “Trading conditions have deteriorated in the current economic climate and show no signs of near term improvement.”
Delays in calling-off of stock for a major contract at the firm’s Trident Displays business was given as one reason for the reduced forecast.
Other changes at the firm include the addition of Tim Merricks who will be operations director at Trident.
The firm also said it has closed offices in Finland and reduced staff by 30 to a new total of 60 personnel.
See also: Electronics Weekly’s roundup of content related to The ROHS Directive
