Menu
09/07/2009
Derry's Arntz Belting Heads For Trouble
The future for a struggling Pennyburn fan belt factory, which currently employs around 110 people, is looking bleak.
The manufacturing plant, Arntz Belting Company, went to a three-day week in December and also sought 28 redundancies in March.
However, the global recession has led to the firm's parent company looking at further cuts.
The NI Trade Minister Arlene Foster (pictured) said last week that she has been following developments: "I am aware that Optibelt, the parent company of Arntz Belting Company Ltd is considering a number of options as a result of global economic downturn.
"As yet no decision has been made to close two factories nor specific factories identified," she said.
However, as reported in the Londonderry Sentinel newspaper, she did indicate
that she will "intervene if an when appropriate" to aid the stricken plant which has not received any money from INI since 1997.
"Invest NI officials have kept me aware of challenges facing the Arntz Belting Company factory.
"On my behalf, Invest NI continue to liaise with the company in relation to long-term plans for the Pennyburn factory with a view to intervening if and when appropriate," she said.
But concerns are growing among the company's workers.
This Wednesday employees revealed they had seen documents that suggested people would be made redundant in August and the plant would face closure by the end of the year.
(BMcC/JM)
The manufacturing plant, Arntz Belting Company, went to a three-day week in December and also sought 28 redundancies in March.
However, the global recession has led to the firm's parent company looking at further cuts.
The NI Trade Minister Arlene Foster (pictured) said last week that she has been following developments: "I am aware that Optibelt, the parent company of Arntz Belting Company Ltd is considering a number of options as a result of global economic downturn.
"As yet no decision has been made to close two factories nor specific factories identified," she said.
However, as reported in the Londonderry Sentinel newspaper, she did indicate
that she will "intervene if an when appropriate" to aid the stricken plant which has not received any money from INI since 1997.
"Invest NI officials have kept me aware of challenges facing the Arntz Belting Company factory.
"On my behalf, Invest NI continue to liaise with the company in relation to long-term plans for the Pennyburn factory with a view to intervening if and when appropriate," she said.
But concerns are growing among the company's workers.
This Wednesday employees revealed they had seen documents that suggested people would be made redundant in August and the plant would face closure by the end of the year.
(BMcC/JM)
Related Northern Ireland News Stories
Click here for the latest headlines.
29 November 2007
Planning Application Shock For Derry Factory Workers
Management-employee communications at a Londonderry factory seems to have faltered after a planning application for housing to be built on the site of their existing place of work - a Pennyburn plant - was put in a local paper.
Planning Application Shock For Derry Factory Workers
Management-employee communications at a Londonderry factory seems to have faltered after a planning application for housing to be built on the site of their existing place of work - a Pennyburn plant - was put in a local paper.
31 May 2005
Derry fan belt factory to axe 30 jobs
Around 30 jobs are to go at a fan belt factory in Londonderry, it emerged today. Management at the Arntz Belting factory have not made any official announcement in regard to the cuts, however engineering union Amicus said the company is planning to transfer one of its departments to a plant in Germany.
Derry fan belt factory to axe 30 jobs
Around 30 jobs are to go at a fan belt factory in Londonderry, it emerged today. Management at the Arntz Belting factory have not made any official announcement in regard to the cuts, however engineering union Amicus said the company is planning to transfer one of its departments to a plant in Germany.
12 January 2010
Beware Developers' Intentions: MLA
An MLA has warned over the future use of a recession-hit engineering company's site. She was commenting after news that Londonderry engineering company, Arntz Belting, is expected to close with the loss of over 100 jobs.
Beware Developers' Intentions: MLA
An MLA has warned over the future use of a recession-hit engineering company's site. She was commenting after news that Londonderry engineering company, Arntz Belting, is expected to close with the loss of over 100 jobs.
04 May 2006
Car parts industry faces job cuts
Over 400 jobs could be lost in the car parts industry in two factories in Belfast and Londonderry. There are fears that up to 250 jobs at the Visteon plant in Dunmurry, on the outskirts of south Belfast could be axed, while a further 170 jobs at the Arntz factory in Derry could also be cut.
Car parts industry faces job cuts
Over 400 jobs could be lost in the car parts industry in two factories in Belfast and Londonderry. There are fears that up to 250 jobs at the Visteon plant in Dunmurry, on the outskirts of south Belfast could be axed, while a further 170 jobs at the Arntz factory in Derry could also be cut.
17 November 2010
Derry 'Christmas Present' May Be On Way
There's to be some festive cheer in the North West with details of a plan to create hundreds of jobs being outlined to Derry City Council's Development Committee in December. A German car parts firm, Arntz Belting, has said it hopes to create more than 800 jobs in a multi-million pound development in Londonderry.
Derry 'Christmas Present' May Be On Way
There's to be some festive cheer in the North West with details of a plan to create hundreds of jobs being outlined to Derry City Council's Development Committee in December. A German car parts firm, Arntz Belting, has said it hopes to create more than 800 jobs in a multi-million pound development in Londonderry.
-
Northern Ireland WeatherThis Evening and Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
