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10/10/2008
Pork Processing Factory Forced To Close
Stevenson's has announced their food processing plant in Cullybackey is to close.
It is understood that up to 100 jobs will be lost.
A statement released by the company blamed increased trading costs and adverse business conditions for the factory shut down.
The statement said: "The price we pay for pigs has risen by £32.74 between January 2008 and August 2008. Our trading costs have risen by £4500.00 per week in the last 12 months.
"We very much regret this decision as it affects both our pig suppliers, customers and employees who have been loyal over the years. We would like to emphasise that all our creditors will be paid in full."
(CD/JM)
It is understood that up to 100 jobs will be lost.
A statement released by the company blamed increased trading costs and adverse business conditions for the factory shut down.
The statement said: "The price we pay for pigs has risen by £32.74 between January 2008 and August 2008. Our trading costs have risen by £4500.00 per week in the last 12 months.
"We very much regret this decision as it affects both our pig suppliers, customers and employees who have been loyal over the years. We would like to emphasise that all our creditors will be paid in full."
(CD/JM)
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