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21/11/2003
Nearly 200 jobs to go at Co Down textile firm
Nearly 200 jobs are set to go today with the closure of a yarn firm in Co Down.
Saintfield Yarns announced on Thursday that its was closing its plant because of the withdrawal of credit insurance from a leading supplier, which had guaranteed that bills were paid.
The entire 189 workforce will be made redundant of Friday as a result of the decision.
Thursday's news was a further blow to the textile's industry in Co Down which recently saw the closure of two Carpet International plants, in Killinchy and Donaghadee, with the loss of 160 jobs.
(MB)
Saintfield Yarns announced on Thursday that its was closing its plant because of the withdrawal of credit insurance from a leading supplier, which had guaranteed that bills were paid.
The entire 189 workforce will be made redundant of Friday as a result of the decision.
Thursday's news was a further blow to the textile's industry in Co Down which recently saw the closure of two Carpet International plants, in Killinchy and Donaghadee, with the loss of 160 jobs.
(MB)
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