Historic East Ayrshire knitwear manufacturer shuts
40 jobs have been lost at Balmoral Knitwear in Galston
A historic textiles factory in East Ayrshire has closed after more than 120 years due to “increased competition”, with more than 40 jobs lost.
Balmoral Knitwear has announced it is going through liquidation and has called an end to the manufacturing side of its business.
The Galston-based factory, which opened in 1895, employed 43 people supplying school uniforms and work wear.
Provisional liquidators RSM released a statement which said: “It is with profound regret that employees of this historic business have been made redundant with immediate effect.
“The need for organisations to reduce costs and seek the lowest possible price for goods, often from overseas, has led to another blow for the Scottish knitwear industry.
“The Balmoral name is well known in the sector and we would ask any parties with an interest in acquiring the business to get in touch with us as soon as possible.”
RSM added the company could not continue due to “increased competition” from low cost garments from offshore, the rising costs of materials and devaluation of the pound.
Its sister business Balmoral Mill will continue to operate its shop and cafe, employing around eight people.