A TOTAL of 133 people will be without a job as of October after UGL decided to cease operations from its Lansdowne site.
Employees were notified last Thursday of the decision to close, following months of uncertainty and the loss of large contracts to offshore manufacturers.
The closure will be a massive blow to the local economy, estimated to be worth almost $12 million in wages and spending.
UGL, which is going through a period of change with an outgoing chief executive and a major slump in net profit for the last financial year, said all employees would be either relocated to another site, or "regrettably" made redundant.
UGL Lansdowne has had its ups and downs over the years, with the loss of contracts and lack of work leading to fluctuating staff levels in the past, however never have the doors looked like closing completely.
The Times spoke with one of the affected employees this week to get an insider's perspective of the overall closure and to find out what it's been like working for the company throughout some tumultuous times.
The employee, who will remain anonymous, has been employed by the company on and off since the 1980s and has experienced the highs and lows of the manufacturing industry.
The man, in his 50s, said he believed it was "only a matter of time until things got to this stage," but that some men were still shocked by the news they received last Thursday.
"Management kept reassuring us that they were applying for contracts and that we weren't going to close, so we've been stock piling underframes in the hope that we'd get these contracts but you can't just keep building things without people buying them," he said.
When a meeting was called during the start of the shift on Thursday he knew something big was coming.
"We'd first started losing casuals just before Christmas last year so it was obvious things weren't great and we'd recently dropped back to a four-day week, but they basically told us that we would work the next two weeks on five day shifts and then by the end of the month there'll be the first lot of major cutbacks.
"After that, people will be layed off as they finish the last of the jobs and as of October there'll be just two people left for 'care and maintenance' positions. That's it."
The employee wasn't bitter towards the local management, who he believed had "done their best to keep us all there as long as possible" but that company cutbacks and outsourcing overseas eventually took their toll.
He said skilled workers had been sent to India for about the past 18months to train the workers over there.
"It's a bit strange, I can remember in our prime in the 90s we had over 300 people working here and I know we've always been competitive with our pricing, and the quality of the work speaks for itself, but now we're losing everything to overseas, even though a lot of the time we end up having to fix up their mistakes anyway, it doesn't make sense really but I guess it's a sign of the times."
What are your thoughts on this decision? Why not leave a comment here or on our Facebook page. The Times is also keen to talk to any former UGL staff members who want to share their memories of the workplace.