1200 Job Losses

1200 Job Losses

bus job loss
bus job loss

WRIGHTBUS JOB LOSSES CONFIRMED BY ADMINISTRATORS

Administrators from Deloitte have confirmed 1,200 redundancies have been made at Wrightbus.

Michael Magnay and Peter Allen of the professional services firm were today appointed as joint administrators to Wrights Group Ltd, Wrightbus Ltd, Wright En-Drive Ltd, Wright Composites Ltd and Metallix Ltd.

Collectively the companies are involved in the design and manufacture of buses and associated parts for the global market, including for the UK and Republic of Ireland. Established in 1946, the group is headquartered in Ballymena.

At the time of appointment the companies had about 1,250 employees.

“It is bitterly disappointing for all concerned that despite extensive efforts over recent months it has not been possible to find a buyer who wanted to maintain the business as a going concern,” said joint administrator Michael Magnay.

“We recognise the companies are crucially important employers in Ballymena, and this will be devastating news for those who worked there, their families and the town, which has already suffered from a number of manufacturing closures in recent years. We will continue to support employees through this difficult time.

“The joint administrators will explore all remaining options for the business and assets, and would encourage any parties with an interest to contact them.”

The Workers Union said it was “very concerned for the bus companies loyal workers.”

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