Unifi Textured Yarns (Europe)

Type
Closure
Country
Ireland
Region
Ireland; Northern and Western; Border
Location of affected unit(s)
Letterkenny
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13 - Manufacture of textiles
13 - Manufacture of textiles
300 jobs
Number of planned job losses
Job loss
Announcement Date
29 July 2004
Employment effect (start)
Foreseen end date
31 October 2004

Description

An unexpectedly sharp rise in cheaper yarn imports from lower cost economies, combined with rising costs in Ireland, have been cited as the chief reasons for an American firm's decision to cease operations in Donegal with the loss of nearly 300 jobs. Unifi Textured Yarns (Europe), which manufactures polyester yarn, is due to wind up its operations in Letterkenny in October. Unifi will continue to supply the European market with yarn produced in the United States and through Unifi Asia.

Sources

  • 30 July 2004: The Irish Times

Citation

Eurofound (2004), Unifi Textured Yarns (Europe), Closure in Ireland, factsheet number 60490, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60490.