Thirty jobs are set to be cut from a manufacturing factory in Dunedin.
Donaghys Ltd, a supplier of farm products, has announced it is beginning a consultation process with staff and unions on a restructure.
That includes a proposal to cut up to 30 jobs and that would affect the manufacture and export of twines, ropes and braids.
Managing director Jeremy Silva said an out of control exchange rate has forced the company's hand. Mr Silva said the company, which was founded in 1876, is also moving towards more high tech business.
Mr Silva said a final decision will be made in a few weeks.