It has been confirmed that the job cuts at Sensormatic Tyco’s electronics manufacturing plant in Cork will be worse than originally envisaged, with some 320 jobs to be lost at the Cork plant.
The company said in the last hour that it intends to stop manufacturing at the Cork site over the next 12 months.
However, it does plan on maintaining a presence in Cork through the retention of a Shared Services Centre, which will keep 20 skilled jobs and will focus on planning, external manufacturing support and financial services.
The plant’s parent company Tyco Safety Products is undergoing a strategic restructure worldwide.
The company has informed the IDA and will inform local government officials and the Department of Enterprise Trade and Employment of its proposed restructure.
The company designs, manufactures and sells fire-detection and fire-suppression products, breathing apparatus, intrusion security, access control, video management systems, electronic article surveillance and RFID.
“Despite the great efforts of our employees in Cork to lower operating costs, we believe that it is necessary to move manufacturing operations to remain competitive in the global market,” said Don Lyman, vice-president of Access Control & Video Systems for Tyco Safety Products.
“We understand the impact this plan would have on affected employees and their families, and we are committed to following the employee consultation process and providing out-placement services that will lessen the disruption and make for a smooth transition.”
By John Kennedy