GE Mining, formerly Kade Engineering, has closed its doors with the loss of 18 jobs.
Workers were told on Wednesday (September 4) that the business would be closing.
“We are taking this difficult step to meet an increasingly challenging marketplace that requires us to reduce costs and improve flexibility to maintain our competitiveness,” the company said in a statement.
“We are committed to supporting impacted employees and will help ensure opportunities are made available to those interested in other roles within GE. Approximately 18 employees will be affected.”
Established in 1993, Kade Engineering provided metal fabrication services with a focus on production of components for underground mining vehicles.
Gloucester locals David and Irene Reeves sold their interest in the business in April 2009 to Industrea Limited, with David staying on as general manager.
The announcement comes hot on the heels of a decision by Yancoal to cut 60 workers from its Stratford and Duralie operations.