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)

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