29/05/2003

Ulster carpets to axe 120 jobs

Ulster Carpets are set to axe 120 jobs at its Portadown plant, it was announced today.

The company confirmed that it would be looking for an initial 30 voluntary redundancies with the remainder going over a two year period.

Commenting on the decision, Mike Mills, CEO of the Ulster Carpets group said: "These reductions are regrettable but they are absolutely essential. We have invested significantly in new, industry leading technology and are going to capitalise upon that by using the new technology to improve productivity, which is vital given the high wage economy we now have in the UK."

Ulster Carpets currently employs over 1,500 people at its production facilities in South Africa, Australia, Denmark, Yorkshire and Northern Ireland.

(MB)

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