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26/06/2009
Jobs Lost At Waterford Plant
Some 178 jobs are to go as electrical components factory ABB in Waterford announces it is to close.
The company, which manufactures distribution transformers for the construction sector in Ireland and the UK, is to end its operations in Waterford by March 2010.
A spokesman for the firm said the firm says it is closing because of 'significantly lower orders and lack of potential business'.
It says it is consulting with staff and unions at the plant. The factory has been in operation in Waterford since 1951.
The news comes just as US computer giant IBM announces plans to create 100 new jobs in Dublin, Cork and Galway over the next three years.
The company says the software engineering positions will be created as part of a €25m investment supported by the IDA.
The programming involved in the jobs will address issues like environmental protection and maritime affairs.
(DW/BMcc)
The company, which manufactures distribution transformers for the construction sector in Ireland and the UK, is to end its operations in Waterford by March 2010.
A spokesman for the firm said the firm says it is closing because of 'significantly lower orders and lack of potential business'.
It says it is consulting with staff and unions at the plant. The factory has been in operation in Waterford since 1951.
The news comes just as US computer giant IBM announces plans to create 100 new jobs in Dublin, Cork and Galway over the next three years.
The company says the software engineering positions will be created as part of a €25m investment supported by the IDA.
The programming involved in the jobs will address issues like environmental protection and maritime affairs.
(DW/BMcc)
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Every effort will be made by the Government to find new jobs for hundreds of Waterford Crystal employees facing redundancy, Minister for Finance Brian Cowen has told the Dáil. Tánaiste Mr Cowen, who was deputising for the Taoiseach, said the job losses were trade-related and inevitable.
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