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Up to 200 jobs could be at risk with the announcement that the Lagan Construction Group is putting four of its 30 companies into administration.
Lagan is one of Northern Ireland's biggest construction firms and employs 800 people.
In a statement Lagan Construction Group Chairman Michael Lagan said: “Parts of the Group had been significantly impacted upon by a number of factors within the Civils and Building divisions including delays in the commencement of new projects, protracted contractual disputes on some existing major projects and instability caused by a Joint Venture partner in Great Britain.”
He said: “It is with great sadness and reluctance that we have had to take this course of action.”
The four Lagan companies being put into administration are Lagan Construction Group Holdings Ltd, Lagan Construction Group Ltd, Lagan Building Contractors Ltd and Lagan Water Limited.
A statement said that it is hoped the jobs affected could be transferred to joint venture partners whilst others may be relocated to existing divisions within the Group.
A woman has been left shaken after being tied up by burglars at a house in County Down.
Two masked men got into the house at around 1 pm on Monday on School Road outside the village of Clough and tied up the woman who is in her 50’s.
The men made off with an Ipad, a Mac Book and a grey coloured Peugeot 206 car.
During the incident a fire was started in an upstairs room. Two passers-by were able to help the woman to escape uninjured.
Police and NIFRS went to the scene and put the fireout, but it had caused significant damage.
The Peugeot car was discovered burnt out at The Old Mill on the Clarkill Road in Castlewellan shortly after midnight on Tuesday morning.
Detective Sergeant Johnston is appealing to anyone who witnessed any suspicious vehicles or people in the area of School Road on Monday or anyone who saw the Peugeot car being driven between Clough and Castlewellan to contact Detectives on 101 quoting references 952 19.02.18 or to contact Crimestoppers anonymously.
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