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22/07/2004
Co Down firm to close with loss of 53 jobs
A Co Down leather producer has announced it is to close its doors with the loss 53 jobs.
International Leather, based in Killyleagh, near Downpatrick, said it was having to wind down its business because of low orders and mounting losses.
In a statement, the company said it sincerely regretted the move which was "due to the unsustainably low level of the company's order position and substantial losses already incurred this year".
The Amalgamated Transport and General Workers Union (AT&GWU) said it was in talks with International Leather about trying to keep the plant open.
International Leather, which has been tanning and selling lambskin leather from its Killyleagh plant since 1990, has had rising profits for the previous five years, however "excessive" losses in 2004 has led to Wednesday's announcement.
(MB)
International Leather, based in Killyleagh, near Downpatrick, said it was having to wind down its business because of low orders and mounting losses.
In a statement, the company said it sincerely regretted the move which was "due to the unsustainably low level of the company's order position and substantial losses already incurred this year".
The Amalgamated Transport and General Workers Union (AT&GWU) said it was in talks with International Leather about trying to keep the plant open.
International Leather, which has been tanning and selling lambskin leather from its Killyleagh plant since 1990, has had rising profits for the previous five years, however "excessive" losses in 2004 has led to Wednesday's announcement.
(MB)
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