TRADE Minister Arlene Foster, three weeks ago:
The achievements of Wrightbus show that companies can achieve growth by diversifying markets, focusing on new product development and by forming strategic partnerships that enable them quickly to access business opportunities as they develop abroad. Wrightbus continues to win substantial business because it is focused on key customers in its target markets. This contract also shows that, despite the current difficult economic conditions, local manufacturers in sectors such as engineering can compete, and, above all, succeed in export markets, taking advantage, for instance, of the favourable sterling exchange rate.
This is very disappointing and shocking news, not only for the company but particularly for those individual workers who face redundancy. Today’s decision is in response to the current economic recession and bears no reflection on the calibre of the workforce who have delivered high quality products to international markets over the years.