Crisis talks are underway to rescue Axminster Carpets which crashed into administration yesterday.
The East Devon employer of 400 people had been trying to beat the economic downturn by breaking into niche overseas markets, but this has not been successful.
Axminster Carpets also owns businesses that employ 50 staff in other parts of Devon.
Frustration over cancelled Exeter elections
Opponents unite to demand Exeter elections
Push for fair education funding heading to Westminster
Devon politicians will head to the capital
19 Plymouth seats up for grabs in May elections
Plymouth won't postpone them
Two WW2 bombs safely removed in Devon
Cordons lifted in Exmouth and Plymouth
New Exeter City winger joins from Sunderland
Timur Tutierov on loan until summer
Plea for help as Devon pubs face crisis
'The trade is hunkering down and hoping for the best'
