Staff at fibre-optics company JDS Uniphase in Yarnton were given the day off yesterday after hearing that they had just lost their jobs.
The factory, which only recently moved to the Oxford Industrial Park from Thorney Leys industrial estate, Witney, is putting 150 out of work.
The American-owned company is shedding 20 per cent, or 5,000 employees, of its worldwide workforce of 28,000.
The cuts, prompted by a slowdown in the telecommunications industry and a downturn in the US economy, come on top of 3,000 job losses announced in February.
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