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04/04/2005
Omagh CD factory to close with loss of 85 jobs
Around 85 jobs are to go at a Co Tyrone factory which makes recordable CDs.
Rixell CD in Omagh, which is owned by Taiwanese disc manufacturer Ritek, will shut next month resulting in the jobs loss, the company said.
In a statement, management at the company said it regretted the decision but blamed rising costs and the "dumping of product in Europe by low-cost producers in India and China".
“It has been taken with the utmost reluctance and only after every avenue had been explored for keeping the facility open,” the company stated.
"Although productivity at the plant compares favourably with other sites, its financial position has worsened considerably in recent months because of continuing extremely difficult conditions affecting the CD industry and the market as a whole."
Rixell’s Omagh plant was set up only a few year’s ago following a £27 million investment by the parent company with £3.5 million support from the Industrial Development Board (IDB).
(MB/SP)
Rixell CD in Omagh, which is owned by Taiwanese disc manufacturer Ritek, will shut next month resulting in the jobs loss, the company said.
In a statement, management at the company said it regretted the decision but blamed rising costs and the "dumping of product in Europe by low-cost producers in India and China".
“It has been taken with the utmost reluctance and only after every avenue had been explored for keeping the facility open,” the company stated.
"Although productivity at the plant compares favourably with other sites, its financial position has worsened considerably in recent months because of continuing extremely difficult conditions affecting the CD industry and the market as a whole."
Rixell’s Omagh plant was set up only a few year’s ago following a £27 million investment by the parent company with £3.5 million support from the Industrial Development Board (IDB).
(MB/SP)
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