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Friday, February 29, 2008

Welcome Back James Nelson!!!! We missed you.

Weaving a new beginning in Launceston
Posted February 29, 2008 10:03:00
Map: Launceston 7250
Launceston's James Nelson weaving mill re-opens today, with the former management and workers now owning the business.
Contracts for the buyout were only finalised yesterday.
40 workers lost their jobs just before Christmas when the mill's Victorian owners of 25 years wanted to retire.
24 of them return today, many as shareholders after investing their payout entitlements.
The State Government chipped in $250,000 to help secure the buyout.
James Nelson's former manager and major shareholder, Wendy Langridge, says the future is bright with plenty of domestic orders for curtain and upholstery fabrics, as well as two or three potential overseas buyers.
"These are just still in the initial stages but we do hope that something will come of those," she said.
Ms Langridge says the workforce should increase as the business builds.
"Very exciting, although it's been a long and arduous journey, we're really looking forward to everything ahead with great enthusiasm," she said.
"The staff have been very supportive and have stuck with us the whole way through which is really good.
That gives us a great confidence.
"And they would have to be one of the best workforces around."

1 comment:

Anonymous said...

Good for people to know.