UP TO 38 jobs are to be lost in Waterford after an international tool manufacturer announced it will shut down its plant in the city.
The Guhring Group today confirmed plans to close its G-Elit facility over the next two years. It said if the proposals were accepted, the job cuts would likely take effect in two stages. One group of staff would be made redundant in March of next year, with others kept on until January 2013.
Calling the job losses “regrettable”, the German company saidit was proposing to close the factory “following a strategic review of the Group’s operations in Europe”. It added that staff had been briefed on the plans last week and a consultation process would now begin between management and employees.
In a brief statement, the company said it was “committed to working through proposals with staff respectfully and sensitively”.
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