Caterpillar To Axe Up To 700 Jobs

Manufacturing firm Caterpillar is planning to axe 700 jobs in Northern Ireland.

The job losses would predominantly affect operations in Larne, Co Antrim.

The firm said the move is not related to Brexit, Covid-19 or the end of the furlough schemes.

Vice President of Caterpillar's Electric Power Division Joe Creed said: "We recognise that what we are considering is difficult for our employees, their families and the community.

"We do not take these contemplations lightly, however, we must plan for future business needs to be competitive."

The announcement is part of the company's plans to better utilise existing capacity and improve cost competitiveness.

East Antrim Alliance MLA Stewart Dickson has said he is "devastated".

He said: "This is an absolutely devastating blow for the local area and one which has come completely out of the blue this morning. 2020 has already brought enough worry and concern for local families, without the news of job loses this close to Christmas.

"I am seeking an urgent meeting with the management of Caterpillar today to try and assess why this decision has been so suddenly announced and if anything further can be done.

"I will also be meeting the Economy Minister as soon as possible to ensure adequate support and aid in seeking other employment is in place for those who are today struggling to come to terms with this news.

"However this isn't just a blow for those immediately affected, but for all those with links to the site in Larne and the wider local economy. There are certainly challenging times ahead."