There are fears for almost 50 jobs at Invista in Derry.
The company, who produce LYCRA™, are based at the DuPont site, just outside the city.
Invista has offered a severance package to employees and said there are no plans for any compulsory redundancies at this time.
Davy Thompson, Unite Regional Coordinating Officer responded to Wednesday’s announcement:
“In the last few hours, three major Northern Ireland manufacturers: Schrader, Invista and Caterpillar have indicated almost 200 job-losses. Unite is strongly represented in both Caterpillar and Invista and share the concern of our members who are now faced with the threat of redundancy in the run up to Christmas. Both these announcements have the potential to threaten further employment along the supply-chain.”
Sinn Féin MLA Maeve McLaughlin expressed concern that 48 jobs could be lost.
“News that Invista is seeking 48 [voluntary] redundancies at its plant in Maydown is very worrying.
“This will undoubtedly come as a shock to the employees involved and their families, particularly in the run-up to Christmas.
“This announcement is a blow to the local economy in the North West.
“I would call on management at the company to work with staff and trade unions to keep employees up to date during this difficult time.
“They should also make sure that retraining and upskilling opportunities are put in place for the workers involved to help them secure alternative employment.”
Earlier the union tweeted that staff had been informed 48 positions are at risk.