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Last Updated: Thursday, 6 April 2006, 11:14 GMT 12:14 UK
Job losses as hosiery firm closes
Adria building
The firm has been at the heart of Strabane's economy
A Northern Ireland textile company is to close its County Tyrone base with the loss of 140 jobs.

The Strabane-based hosiery company, Adria, said on Thursday that harsh trading conditions led to the decision.

The company once employed 1,000 people in the area, and also had factories in Londonderry and Newry.

In a statement, the company said it had taken the decision to close "with regret". It will continue to employ 40 people in the area.

BBC NI Business Editor James Kerr said that, for a generation, Adria had been the "economic backbone" of Strabane.

"The harsh global economics of the clothing industry hit the company hard in recent years and there have been several closures and rounds of reduncancies."

The company said it had taken the decision with regret, but that global trading conditions had not improved as they had hoped.

The firm has entered a 90-day consultation process with the workforce and said it would play its part with those who are to lose their jobs.

Adria was taken over 18 months ago by the international clothing company Quantem.

It will continue to employ 40 people in the area, who are engaged in the commercial and design part of the business.




SEE ALSO:
Unions discuss hosiery firm cuts
15 Jul 05 |  Northern Ireland
Hosiery firm job cuts discussed
11 Mar 05 |  Northern Ireland
Job losses at hosiery firm
09 Jul 04 |  Northern Ireland
Fresh talks over job losses
14 May 03 |  Northern Ireland



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