Ballymena electrical firm closes - 57 jobs lost
Ballymena-based firm JBE Mechanical Electrical has announced it has ceased trading, with the loss of 57 jobs.
The news comes after the company, who specialise in mechanical and electrical engineering, went into administration last week citing challenging market conditions and "significant losses" incurred on several contracts.
Following a review of all options for the business, administrator Gerard Gildernew said on Friday it is "not feasible" for the business to continue to trade.
JBE has been in business since 1983 and worked on projects in the education, healthcare and retail sectors across the UK and Republic of Ireland.
“Unfortunately, following our review of live contracts and the company order book, I have concluded that it is not feasible to continue trading the business in administration," Mr Gildernew said.
"Regrettably, all 57 staff have this morning been notified that their roles are redundant. I wish to record our thanks to those staff who have assisted us in the past week as we continue to work to maximise realisations to creditors.”
Manufacturing in Ballymena has suffered significant job losses in recent years.
In 2014 and 2015 the closures of the JTI Gallagher tobacco factory and the Michelin tyre plant were announced, which resulted in the combined loss of more than 1500 jobs.
With Drumbo Park Greyhound Stadium's closure announcement on Friday morning, more than 100 jobs in Northern Ireland have been lost in a single day.
Belfast Telegraph Digital