130 jobs are to be lost in Wexford town with the closure of a Wexford Weaving.
The company, which operates its manufacturing facility in the town’s business park, is understood to have been losing money on a monthly basis. The US based owners announced their decision this morning.
A SIPTU spokesman told ireland.comthere was "absolute shock" in the town.
He said anger was being directed at Enterprise Ireland for not investing in the company.
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He said the workers’ had been informed that no redundancy package was available.
A creditors’ meeting is due to take place at the end of the month.