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15/01/2007
Concern as textiles firm loses contract
Staff at a Killinchy textiles company face an uncertain future after the firm announced that it had lost a substantial contract.
McCleery Technical Yarns, which employs around 30 people at Balloo Mills, said that it had lost its largest single contract accounting for around half its output.
The company said in a statement that it was entering into consultation with staff and that union representatives had been informed of the decision to consult on avoiding possible redundancies.
The company blamed the loss of the contract on "fierce competition" and said that it would have a "significant impact" on its business.
It is understood that certain work will be taken in-house by a Lithuanian firm that had previously contracted McCleery Technical Yarns.
(SP/KMcA)
McCleery Technical Yarns, which employs around 30 people at Balloo Mills, said that it had lost its largest single contract accounting for around half its output.
The company said in a statement that it was entering into consultation with staff and that union representatives had been informed of the decision to consult on avoiding possible redundancies.
The company blamed the loss of the contract on "fierce competition" and said that it would have a "significant impact" on its business.
It is understood that certain work will be taken in-house by a Lithuanian firm that had previously contracted McCleery Technical Yarns.
(SP/KMcA)
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