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| Aircraft seat company cuts jobs | Aircraft seat company cuts jobs |
| (20 minutes later) | |
| A County Down aerospace firm has announced plans to cut 88 jobs. | A County Down aerospace firm has announced plans to cut 88 jobs. |
| Kilkeel-based B/E Aerospace makes seats for the world's biggest airlines. The proposed job losses would reduce their workforce from 651 to 563. | Kilkeel-based B/E Aerospace makes seats for the world's biggest airlines. The proposed job losses would reduce their workforce from 651 to 563. |
| Managing director Sean Cromie said the proposed cuts were "very unfortunate" but "necessary to maintain our competitive position in the market". | |
| The company is to meet employee representatives to discuss the implications of their plans. | The company is to meet employee representatives to discuss the implications of their plans. |
| On another bleak day for job losses in Northern Ireland, east Belfast engineering firm Central Group Services announced it was closing with the loss of about 50 jobs. | |
| The company, which provided mechanical and electrical services such as air conditioning, boiler maintenance and heating installation, said it was closing with immediate effect because of the current economic climate. | |
| And the Ulster Bank announced plans to make another 250 people redundant through voluntary redundancies across the island of Ireland, after making an £8m loss in the first six months of the year. | |
| B/E Aerospace has struggled in the recession, and the latest plans for redundancies follow the loss of almost 100 jobs at its Kilkeel plant last November. | |
| Mr Cromie said cost-cutting measures taken by its airline and airframe customers had reduced demand for their products and services. | |
| "The commercial aerospace industry continues to experience the negative effects of a sustained global recession," he said. | |
| "International airlines report significant declines in passenger traffic and pricing levels, particularly among their higher-yielding business segments." |