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70 jobs lost at electrical firm 70 jobs lost at electrical firm
(20 minutes later)
Seventy people have lost their jobs after one of mid-Ulster's biggest employers announced that it has been forced to close.Seventy people have lost their jobs after one of mid-Ulster's biggest employers announced that it has been forced to close.
Meteor in Cookstown, Ireland's largest independent electrical wholesalers, because of financial difficulties. Meteor, Ireland's largest independent electrical wholesalers, closed because of financial difficulties.
It is a family run business which has been trading for almost 25 years. The Cookstown-based family-run business has been trading for almost 25 years.
In a statement on Tuesday, the company said it had explored all options to address its problems in the current recession, but was forced to close.In a statement on Tuesday, the company said it had explored all options to address its problems in the current recession, but was forced to close.
The downturn across the construction sector and exposure to foreign exchange fluctuations led to the closure.The downturn across the construction sector and exposure to foreign exchange fluctuations led to the closure.