One of Letterkenny’s longest established businesses, Charles Kelly Ltd., is to let go nine staff under what it calls enforced redundancy measures.
Announcing the decision on Tuesday, the company said the redundancies were as a direct result of the “severe downturn” in the building trade and the financial crisis.
Staff at the Letterkenny Mills plant were informed of the lay-offs which will occur over the next six weeks.
“We find ourselves in the regrettable position that we have no choice but to make some cost reductions to secure the future viablity of the business and the remaining jobs going forward,” Director, Gerard Kelly maintained.
The company, which is involved in the builders-merchant and retail hardware trade, was established in the early 1900’s and incorporated in 1932.
It formerly occupied a premises at Lower Main Street in Letterkenny before relocating to the mills outlet at Ballymacool following a major refurbishment programme.
In a statement, the company revealed: “It is with great regret that we announced we were making nine of our staff redundant from the business. The redundancies were announced to staff and they will occur over the next month and a half.
“They are happening as a direct result of the severe downturn in the building trade and the financial crisis which we have all experienced since 2007 and which, unfortunately, is still ongoing.”
Stating that the business remained vibrant, Mr. Kelly said they wanted to thank the public for their continued support for the staff and any others connected with the business.
Close to thirty staff will continue to be employed by the company following the redundancies.