Thursday, August 22 14:08:42
Online games group, Big Fish, is set to close its Cork facility with the potential for all 89 jobs to be lost.
Chief executive Paul Thelen said Seattle-based Big Fish needed to realign its resources.
He said it would be "increasing investment in the areas that are growing or profitable and eliminating investment in areas that are not on a path to success".
"We are proposing to close our facility in Cork, subject to a 30-day consultation that we are entering into with employees," he said.
Sinn Fein called on the Government to act immediately to safeguard jobs at Big Fish.
"I am very concerned at the announcement today that the Big Fish games facility in Mahon may face closure, it would be a terrible blow to the local economy. In particular this is a very worrying and difficult time for all of the Employees at Big Fish in Cork, and my thoughts are with them at this time. It is essential now that the Government takes whatever actions it can to protect and preserve these jobs. Little over a year ago, the IDA and the Minister were happy to take credit for the news that Big Fish was to expand, and to create new jobs. Investment in this sector was spoken of as part of the government's plan to address the unemployment crisis."