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.
Elderly Man Hospitalised After Offaly Crash
Women Risk Being "Stuck" In Refuge Due To Issues With Sourcing Accommodation
Record Number Of Women Declare For 2024 Local Elections
Westmeath Cafe Customers Reluctant To Take Home Cans After DRS Implementation
Emergency Services At Scene Of Offaly Crash
Dáil To Debate Replacement Of Means-Testing For Family Carers
'Pleasant' Mother And Daughter The Winners Of €150k Offaly Scratch Card
Serious Offaly Crash Which Saw Four People Hospitalised Under Investigation
Over 150 Midlands Businesses On Board For LOFFA Rainbow Day
Offaly Lotto Player Bags €150k Winning Ticket
Westmeath Army Barracks To Benefit From Increased Defence Funding
Midlands Children Raise Over €19k On National Pyjama Day
Report Finds Laois Town Can Be "More Than The Electric Picnic Site"
"Sustainability Is The Way Forward" - New Refill Mill Owner
People With Disabilities Suffering A 'Silent' Housing Crisis - Irish Wheelchair Association
Over €3m Granted For Road Repairs In The Midlands
Hosting Refugee Roadshow Coming To Offaly
Teenage Unaccompanied Learner Driver Caught Travelling Twice The Speed Limit
Investigation Launched Following Laois Burglary