THE future of over 80 local jobs have been plunged into uncertainty following the announcement that Acheson and Glover Precast Limited, based in Ballygawley, is entering administration.
The firm, which employs 85 people at its local plant and a further 20 in Great Britain, yesterday (Tuesday) announced that it was entering administration following an in-depth review of the business over the last 12 months.
A downturn in market demand for flooring and precast products in the UK has been named as being responsible for the decision. Its sister trading company, Acheson and Glover Limited which employs 230 people, will not be affected.
A statement issued by the directors of Acheson Holdings Limited read: “In 2018 the company had already consolidated and closed one of its two factories, however demand has continued to fall by between 35 and 40% leading to further financial losses leaving the company’s Directors reluctantly with no option but to call in administrators.”
With the future of numerous local jobs are now in question, the directors said they will be doing all they can to minimise the impact.
“Our people are the very heart of our business and we fully understand how difficult this will be for our colleagues so the decision to cease precast manufacturing has only been made after lengthy consideration.”
Ulster Unionist MLA for Fermanagh and South Tyrone, Rosemary Barton, has expressed grave concern at the potential threat to jobs in the area.
“The Acheson & Glover business has been a long-established quarry product specialist for decades in the Tyrone area, supplying throughout the United Kingdom,” the MLA said.
Full story in this week's Tyrone Constitution.