Friday, December 06 12:05:38
Electrical switchgear manufacturer, Kraus and Naimer, is to close its factory in Shannon with the loss of 63 jobs.
The company, which has been in Shannon since 1973, has been put in into liquidation despite recent talks with workers on strategies to maintain its operation.
The closure is due to the business sustaining losses for the last number of years, which have been driven by the impact of weak customer demand due to the global recession.
SIPTU Organiser, Denis Gormalley, said: "The announcement yesterday (Thursday, 5th December) that production at this long established electric switch manufacturing plant will end on 31st January with the probable loss of 60 jobs comes as a bitter disappointment to our members and their families."
He added: "Our 40 members at the plant were particularly angered and shocked when they were informed of the liquidation due to the fact that they had been in talks in recent weeks with management on working through the company's difficulties with a view to maintaining jobs.
"It is now obvious that the parent company has deemed this course of action as unviable. Following a meeting yesterday, further discussions between union representatives and management are scheduled to take place on Thursday (12th December). At these talks SIPTU will explore all avenues open to maintaining employment for our members and, if necessary, securing for them the best redundancy packages possible."