Hundreds Of FG Wilson Engineering Jobs To Be Lost

More than 250 workers are to lose their jobs across four major engineering locations in Co Antrim.

The staff are to be made redundant at engineering firm FG Wilson where a company spokesman blamed the economy: "Unfortunately market conditions have continued to worsen," he said

"We need to lower our production volumes further to take account of the reduced demand for FG Wilson's products."

The redundancies are to be made across four sites - Larne (138), Monkstown (45), Springvale (50), Springvale (27).

It is changed times as, back in the Spring of 2006, the company was boosted with an investment to provide a major expansion of its facilities.

It received a £47 million investment boost, making it the 'global centre of excellence' in research and manufacture of diesel and natural gas powered electrical generators for parent company, Caterpillar Inc.
News Image
The investment, which included an offer of £12.2 million assistance from Invest NI, provided the opportunity for the creation of 155 new jobs at the company's facilities at Larne, Springvale (Belfast) and Monkstown.

Commenting at the time, Mark Sweeney, Managing Director of FG Wilson and Caterpillar Electric Power Division's Global Operations Director said: "Our goal is to make FG Wilson a global centre of excellence for manufacturing expertise, research and development and sales and marketing within Caterpillar's Electric Power Division.

"This investment is an important step along this road and will ensure that we continue to lead the electric power industry with a highly skilled, highly motivated team and world class products."

See: FG Wilson invest £47m in NI expansion


Related Northern Ireland News Stories
Click here for the latest headlines.

31 March 2006
Local companies look to do business in india
Secretary of State, Peter Hain, has today announced that he is to lead a major business mission to India in April to attract investment and tourism to Northern Ireland. Mr Hain also revealed that he hopes to increase trade and academic linkages with the world’s fastest growing free market economy.
30 March 2006
FG Wilson invest £47m in NI expansion
FG Wilson (Engineering) Ltd, is set to receive a £47 million investment boost, making it the global centre of excellence in research and manufacture of diesel and natural gas powered electrical generators for parent company, Caterpillar Inc. The investment, which includes an offer of £12.
03 February 2012
County Armagh Haulage Firm Shuts
Noel Zwecker International Transport, based on the outskirts of Armagh, has closed. More than 50 jobs have gone as a result. The family-run haulage firm blamed increased fuel costs and the economic downturn.
09 December 2013
Community Projects Receive £1.1m
A total of 16 community groups across Belfast have received total funding of just over £1.1m from City Council. The funding boost is being delivered through the £5m Local Investment Fund (LIF), which is part of the council's wider Investment Programme for the city. The move brings the overall amount allocated through the fund to over £2.
16 May 2013
£1.25m For Belfast Community Projects
20 community regeneration projects across Belfast have received funding totalling £1.25m from the City Council. The funding is part of £5m set aside for the Local Investment Fund (LIF). Just under £1.3m is earmarked each to the North, South, East and West of the city and a further £490,000 allocated for the Shankill area.