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Article: Glen Electric announces the loss of up to 40 jobs
- Article from:
- Belfast Telegraph
- Article date:
- November 5, 2009
- Author:
CopyrightCopyright 2009 Belfast Telegraph. Provided by ProQuest LLC. (Hide copyright information)
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HEATER manufacturer Glen Electric is to make 40 workers at its
Newry factory redundant as a result of increased competition and the
recession.
The firm, part of the Glen Dimplex Group, said it had seen a
gradual decline in the production of convector heaters and panel
heaters in recent years.
It blamed the increase in imports from the Far East, which has
led to key customers sourcing portable heaters in China, and the
slowdown in the construction, refurbishment and retail sectors due
to the economic downturn.
In a statement, the company said: "We continue to hold a strong
market share in the UK and Irish panel heater markets, however these
markets are currently depressed due to the ...