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26/05/2004
Two textile firms to axe 260 jobs in North West
Two companies have announced separate job cuts totalling 260 employees in Co Londonderry today.
Limavady-based firm, Courtaulds confirmed that it was closing its plant in the town with the loss of 185 jobs.
Management said that it intended to stop sewing, cutting and other support operations at the factory in what was described as "a cost-cutting exercise to become more competitive".
Ulster Unionist MLA David McClarty described the news as "a huge setback for the town".
“Courtaulds’ announcement has taken the whole community by surprise as it came completely out of the blue. It is a black day for Limavady which has suffered considerably from the decline of the textile industry over the past number of years," he added.
Also in the north west textiles manufacturer Invista is to axe 75 jobs at its factory in Maydown. The firm said the jobs were going as part of a restructuring exercise.
The company currently employs about 500 staff at Maydown at the site of the former DuPont plant.
Mr McClarty said the Limavady losses coupled with the 75 going at the former Du Pont plant made it a doubly dark day for the North West.
(MB)
Limavady-based firm, Courtaulds confirmed that it was closing its plant in the town with the loss of 185 jobs.
Management said that it intended to stop sewing, cutting and other support operations at the factory in what was described as "a cost-cutting exercise to become more competitive".
Ulster Unionist MLA David McClarty described the news as "a huge setback for the town".
“Courtaulds’ announcement has taken the whole community by surprise as it came completely out of the blue. It is a black day for Limavady which has suffered considerably from the decline of the textile industry over the past number of years," he added.
Also in the north west textiles manufacturer Invista is to axe 75 jobs at its factory in Maydown. The firm said the jobs were going as part of a restructuring exercise.
The company currently employs about 500 staff at Maydown at the site of the former DuPont plant.
Mr McClarty said the Limavady losses coupled with the 75 going at the former Du Pont plant made it a doubly dark day for the North West.
(MB)
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