Approximately 150 jobs in Tyrone could be under threat following reports that US-based company Terex is planning significant employee layoffs.

The company, known for designing, building, and supporting products used in maintenance, manufacturing, and construction, is experiencing a decline in its post-Covid success.

While Terex has not specified the exact number of roles to be cut, it is estimated that the jobs could be made redundant across its branches in Omagh and Dungannon. The potential layoffs are a stark reminder of the ongoing economic challenges facing many companies as the effects of the pandemic continue to wane.

When asked about cutting jobs, the company issued a statement saying: “As Terex continues to navigate market fluctuations, we have observed that the extraordinary surge in demand and backlog following the pandemic, which resulted in outstanding performance in 2023, has now stabilised.

"This has led to reduced demand from key global markets. As a consequence, Terex has carefully reassessed its operational needs to align with the current market conditions and ensure viability and competitiveness of the business going forward.

"Several actions have been taken, including non-replacement of job roles and reducing overtime and travel.

"This review has now led to the difficult decision to begin a consultation process with our team members, which will involve a reduction of our workforce.

"As a global company with a strong presence in the UK and Northern Ireland for over 25 years, Terex has extensive experience managing cyclical market challenges.

"Our broad portfolio positions us to navigate this challenging period while continuing to develop new products and explore new markets.

"This approach, along with the above actions, will ensure our leadership position in the industry, allowing us to remain a significant local employer in the region for the longer term.

"Despite this, we understand that this is an unsettling time for our team members and are committed to supporting them throughout this process.

"Our primary focus is to minimise job losses while managing these changes with transparency and respect for everyone involved.

"We thank our team members for their continued dedication and hard work during these more challenging times.”