Over 200 jobs are to go at two of the Mid West Region’s largest employers, which announced cuts in their operations today.
Shannon Aerospace staff were called to a meeting at the airport based facility at 9.30 this morning where new company CEO Thomas Rueckert, confirmed 107 job losses.
A short time later Elsevier Ireland, which publishes online medical and science journals, announced that 100 jobs are to go at the company’s operation in Shannon. The company is seeking 100 redundancies from its workforce of 108, over a two and a half year period from April 2011.
Thomas Rueckert, Managing Director of Shannon Aerospace Ltd said; “This is the most difficult day ever experienced by Shannon Aerospace in its twenty year history. The company is known as a centre of excellence for training and aircraft maintenance provision and for many years, experienced excellent levels of growth.
"However, both domestic and international aerospace markets have changed significantly and the volume of work has declined considerably. Our current cost base is not only too high but is also unsustainable. To survive in this market place it is vital that we reduce our costs and improve our competitiveness. We are currently competing against facilities in regions with much lower labour costs and we have to realign Shannon Aerospace Ltd in order to respond to the massive challenges affecting our business.”
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