Rakon has fallen further into the red, due to investing more in manufacturing to meet expected growth.
The listed electronics company reported a loss of $3.9 million in the six months to the end of September, while revenue dropped more than 5% to $89 million.
Rakon plans to axe at least 60 jobs from shifting some production from Auckland to China, resulting in savings of about $10 million a year.
Rakon managing director Brent Robinson says production in China is expected to double over the next 12 months.
