178 jobs are to go at electrical transformers components factory ABB in Waterford.
The company, which manufactures distribution transformers for the construction and utility markets in Ireland and the UK, will close its doors by the end of March 2010.
it was reported to-day
In a statement, the firm says it is closing because of ‘significantly lower orders and lack of potential business’.
ABB is a Swiss-Swedish-owned company and employs over 400 people at five different locations in Ireland.
The factory has been in operation in Waterford since 1951.
This is a major blow to the Waterford area and these jobs won’t be replaced anytime soon
With house prices falling and these workers now becoming unemployed I can’t see the construction industry coming back to life
This bad news will have a knock on effect expect to see more of these kind of headlines
Do you think the local TD’s and Ministers will be paying the mortgages of the newly arrivals on the dole queues
I know they will call for a task force to be set up and after a few months everybody will have forgotten all about these 178 people
That is why I call again for the unemployed to Unite and
Get active for yourself don’t wait for the local TD to spin you a yarn!