Consultations begin this week between unions and management on the proposed closure of Londonderry components factory United Technology Automotive.
MP John Hume of the SDLP is among local political leaders talking to the firm’s US parents to try to avert the closure, which would put 525 workers on the dole in one of Northern Ireland’s worst unemployment black spots. Set up in 1973, the factory makes wire harnesses for the automotive market. Customers include Ford and Jaguar.
An official statement from UTA Europe said that despite considerable effort and investment, the plant had continued to make substantial losses. Several factors were to blame, not least `ever-increasing pressure on prices’. Forecast losses by the end of August are £1.8m.