63 people are set to lose their jobs at an electrical switchgear firm in Shannon, after Christmas. Kraus and Naimer, which has been in Shannon since 1973, announced today that it is closing its manufacturing facility in the Shannon Free Zone at the end of January. 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.
The decision follows previous restructuring efforts and a recent move to enter short working time arrangements. Expressing his regret the Global President at Kraus and Naimer said the company’s losses in Shannon were unsustainable, while Ted Naimer said they’ll now be “entering into a process with staff over coming days in relation to an orderly winding down of the facility”, and thanked them for the contribution they have made to the company since it was established in Shannon.