The decision was announced to staff at the Mounmellick plant this morning.
SIPTU is entering a consultation process with Standex after management announced an intention to seek 26 redundancies at their Laois factory.
The trade union represents about 50 of more than 80 employees at the plant.
Workers at the Mountmellick facility - which has been in operation for over 40 years were informed this morning of the decision.
Sinn Fein's Laois/Offaly Candidate Brian Stanley says the timing couldn't be any worse:
Standex Ireland Limited has issued the following statement this evening:
Today, Standex Ireland advised staff at its Acragar facility that, due to competitive market conditions that have necessitated strategic cost savings at each of its global manufacturing sites, Standex Ireland is considering ceasing rotor production at the Acragar facility. Staff working in the pump assembly part of Standex’s business in Ireland are not affected by this announcement.
We understand the impact of this potential action on our employees and the local community. We will be consulting with impacted staff and their union representatives and making every effort to try and mitigate as much as possible the impact on our employees. Regardless of any ultimate changes in Acragar, Standex will maintain a presence in Mountmellick, Co. Laois and will continue to operate pump assembly in Mountmellick.
Sentencing Of €8.4m Cocaine Pilot Delayed After 'Breakdown' With Legal Team
Councillors Push For Local Link Service Between Westmeath Towns
Midlands MEP warns EU of 'serious costs crisis'
TUS Athlone Students Voice Concerns Over Rising Fuel Costs
Revenue Seize Over €94k Of Contraband In Various Operations
Over €7.4 Million Announced For Housing Adaption Grants For Midlands
Three Hour Commute Forced Midlands Woman To Leave Dublin Hospital Job
Westmeath Fundraising Committee Seek Volunteers For 24 Hour Walk
Snow Could Be On The Cards This Week Despite Longer Evenings
First Laois Finalist In National Heritage Awards
'Hocus Pocus… No More Focus' Driver Caught In Laois Hours Into Driving Ban
Tolü Makay And Katelyn Cummins Into Dancing With the Stars Final
Over €65K Funding For Midlands Agricultural Shows
Westmeath TD Condemns Arson Attacks On Westmeath Churches
Road Hauliers Warn Of Rolling Protests Over Rising Fuel Costs
Gardaí Appeal For Witnesses To Vandalised Westmeath Train
Giant Concrete Pipes Depart Offaly Concrete Company For Bypass Project
Further Grants Possible To Help Homeowners With Rising Costs - Taoiseach
Laois County Council Launch Centenarian Award
Midlands Set To Get €7.2M For Retrofitting Social Homes