Up to seventy jobs may be saved at Gallagher’s Bakery in Ardara after its former owner bought back the Fresh Bread section of the business.
Dublin company IAWS acquired the Gallagher's Bakery in 2007 from the Gallagher family, IAWS was subsequently bought by a Swiss company which last month announced it was transferring operations to Dublin.
It was feared that up to 124 jobs could be lost as a result.
However after intense negotiations in recent weeks, Declan Gallagher has confirmed he has bought the fresh bread section of the company back.
He has expressed his hope that 70 jobs can now be saved as a result