Menu
08/05/2003
Invest NI express regret over Desmond decision
Invest NI Chief Executive Leslie Morrison has expressed his regret at the announcement by Desmonds to make 482 employees redundant.
Mr Morrison said Invest NI were conscious of the dismay felt by those employees directly affected, but said his agency would maintain close contact with the company and were awaiting further information about the timing of the redundancies.
He said: “Textiles and clothing will remain an important sector in the Northern Ireland economy. Invest NI will continue to assist companies to improve their competitiveness in external markets and build on external sales. These are currently worth an annual £600 million.
“We are engaging with local councils, business bodies, the university and enterprise bodies in the North West on the development of our new business plan for the region. This process will assist in the development of other sub-regional business plans that are responsive to the unique assets and challenges of their areas."
Mr Morrison said such initiatives would help provide a comprehensive and integrated approach that complemented their business action plans designed to address regional disparities.
Meanwhile, union leaders and management at Desmond have to meet in Swatragh, one of the factories set to close, to discuss the job losses.
Union officials have said that management indicated the factories would close within weeks and that redundancy packages for workers are expected to be finalised by next Wednesday.
Trade and Investment Minister Ian Pearson said the government was currently looking at ways to help those who are to lose their jobs.
(MB)
Mr Morrison said Invest NI were conscious of the dismay felt by those employees directly affected, but said his agency would maintain close contact with the company and were awaiting further information about the timing of the redundancies.
He said: “Textiles and clothing will remain an important sector in the Northern Ireland economy. Invest NI will continue to assist companies to improve their competitiveness in external markets and build on external sales. These are currently worth an annual £600 million.
“We are engaging with local councils, business bodies, the university and enterprise bodies in the North West on the development of our new business plan for the region. This process will assist in the development of other sub-regional business plans that are responsive to the unique assets and challenges of their areas."
Mr Morrison said such initiatives would help provide a comprehensive and integrated approach that complemented their business action plans designed to address regional disparities.
Meanwhile, union leaders and management at Desmond have to meet in Swatragh, one of the factories set to close, to discuss the job losses.
Union officials have said that management indicated the factories would close within weeks and that redundancy packages for workers are expected to be finalised by next Wednesday.
Trade and Investment Minister Ian Pearson said the government was currently looking at ways to help those who are to lose their jobs.
(MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
08 May 2014
Doing Business In Turkey Seminar - Invest NI
Invest NI have announced their next information seminar on "Doing Business in Turkey", building on previous successes established in September 2013. Being held on the 11 June in Radisson Blu Hotel and on 12 June in Invest NI HQ, businesses are invited to explore new export opportunities to Turkey.
Doing Business In Turkey Seminar - Invest NI
Invest NI have announced their next information seminar on "Doing Business in Turkey", building on previous successes established in September 2013. Being held on the 11 June in Radisson Blu Hotel and on 12 June in Invest NI HQ, businesses are invited to explore new export opportunities to Turkey.
06 November 2015
Council Hosts 'Small Business Saturday Bus Tour'
Belfast City Council hosted the 'Small Business Saturday Bus Tour' at City Hall on Thursday, 05 November, which is touring the UK to highlight small business success and encourage people to 'shop local'.
Council Hosts 'Small Business Saturday Bus Tour'
Belfast City Council hosted the 'Small Business Saturday Bus Tour' at City Hall on Thursday, 05 November, which is touring the UK to highlight small business success and encourage people to 'shop local'.
31 March 2003
Invest NI offer practical support to aid company growth
Invest NI has written to client companies, business advisors and financial institutions in Northern Ireland to outline how the agency’s Principles for Business Support provide a framework for assistance to clients.
Invest NI offer practical support to aid company growth
Invest NI has written to client companies, business advisors and financial institutions in Northern Ireland to outline how the agency’s Principles for Business Support provide a framework for assistance to clients.
29 June 2015
Belfast Firms Complete Programme On Tendering Process
A number of small firms in Belfast are more confident in bidding for contracts now after completing a programme focused on the tendering process. The Smarter Procurement Programme was aimed at helping small businesses and social enterprises in the city identify and take advantage of new sales opportunities in the public and private sectors.
Belfast Firms Complete Programme On Tendering Process
A number of small firms in Belfast are more confident in bidding for contracts now after completing a programme focused on the tendering process. The Smarter Procurement Programme was aimed at helping small businesses and social enterprises in the city identify and take advantage of new sales opportunities in the public and private sectors.
16 March 2015
Political Deadlock Threatens Investment
Political deadlock in Northern Ireland is threatening potential investment, the head of Belfast International Airport has said. Managing Director Graham Keddie was commenting on the government refusing to hand over powers on corporation tax to Stormont, under the executive can reach an agreement on welfare reforms.
Political Deadlock Threatens Investment
Political deadlock in Northern Ireland is threatening potential investment, the head of Belfast International Airport has said. Managing Director Graham Keddie was commenting on the government refusing to hand over powers on corporation tax to Stormont, under the executive can reach an agreement on welfare reforms.
-
Northern Ireland WeatherToday:A chilly start with a widespread frost and some freezing fog, any freezing fog slow to clear. Otherwise bright with sunny spells and coastal showers. Light winds. Maximum temperature 6 °C.Tonight:Coastal showers dying out with a widespread frost developing along with freezing fog, which could become extensive. Winds remaining light. Minimum temperature -3 °C.
