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Last Updated: Monday, 4 April, 2005, 15:37 GMT 16:37 UK
Job losses as CD factory closes
CD
A factory in County Tyrone which makes recordable CDs is to close with the loss of 85 jobs.

Rixell CD in Omagh, owned by Taiwanese disc manufacturer Ritek, will shut next month, the company said.

The company blamed rising costs and the "dumping of product in Europe by low-cost producers in India and China".

"Ritek Corporation greatly regrets the decision and the impact it is likely to have in the Omagh district," it said in a statement.

"It has been taken with the utmost reluctance and only after every avenue had been explored for keeping the facility open.

"Although productivity at the plant compares favourably with other sites, its financial position has worsened considerably in recent months because of continuing extremely difficult conditions affecting the CD industry and the market as a whole."

Local DUP assembly member Tom Buchanan said it was devastating news for the workforce.

"To get word that by May these 85 jobs are going is another blow to the people of Omagh and to the economy of Omagh," he said.

Sinn Fein MP Pat Doherty sympathised with workers and their families.

"The shock and devastation being felt among workers has been compounded by the complete insensitivity of Ritek and the lack of any forewarning," Mr Doherty said.

Ritek announced it would set up in the town in 2002, investing 27.7m in its factory with 3.5m backing from the Industrial Development Board.

Two years ago 55 jobs at the plant were lost when the firm moved its printing and packaging operation to mainland Europe.


SEE ALSO:
Jobs lost at CD factory
21 Mar 03 |  Northern Ireland
Hi-tech firm chooses Omagh for plant
06 Mar 02 |  Northern Ireland


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