Portadown-based Ulster Carpets has announced that up to 70 jobs are at risk within the firm.
In a statement, the company says that due to the impact of the pandemic, a thorough review of the Company’s business prospects was required.
“The Company has commenced the formal consultation period with the Trade Union and has been in full communication with all employees,” said a company spokesperson.
“The business review remains ongoing and we hope to fulfil the vast majority of potential redundancies through our voluntary process.
“The review covers all staff levels within the Company and affects all parts of the Group across the world.
“The core business of Ulster Carpets is heavily dependent on the hospitality and Cruise Ship sectors and this is the direct cause for the need to reduce operations.
“Whilst the Retail business has recovered well the onerous restrictions placed on international air travel is likely to impact our key markets for the foreseeable future.”
Lord Mayor of Armagh, Banbridge and Craigavon, Councillor Kevin Savage commented: “Today’s announcement from Ulster Carpets depicts another devastating blow to our local and regional economy.
“I have no doubt that this news will have a significant impact on many families and local businesses, with far reaching consequences throughout the Borough.
“This news reflects the impact that the winding down of the Government’s Coronavirus Job Retention Scheme is having on businesses, especially within sectors such as; manufacturing, aerospace, retail, hospitality and tourism, and I will be writing to the Northern Ireland Executive to ascertain what additional measures can be implemented immediately to support those sectors most impacted at this time.”
Established in 1938 in Portadown, the company employs just over 300 people, with further offices in London, Paris, Germany, Dubai and across the USA.