17 September 2008

More Job Cuts in Waterford

Another company in Waterford is planning do reduce its workforce.
Honeywell Transportation, which operates in the IDA industrial estate in Waterford City, seeks a further 50 job cuts on top of 100 that were announced already in July. The company is also introducing short-time working "until Christmas at least".

Three months ago the US multinational firm announced that up to 100 redundancies were being sought at its Waterford facility. Managers informed employees that they would start consultation with its union representatives on a plan to reduce the workforce by between 85 and 100 employees by the end of this year.

Now the company says that "due to instability and continued declines in demand in the automotive market" an additional 50 jobs are at risk, as well as a possibility for other actions to address the loss of volume.

Talks between the trade unions and management at the company are in progress.

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