Honeywell Turbo Technologies is reportedly cutting 29 jobs at its operations in Waterford, citing the economic downturn as the reason for this.
RTÉ reports that Honeywell Turbo Technologies will begin discussing a voluntary redundancy programme to cut the jobs at the manufacturing company.
Honeywell Turbo Technologies builds engine boosting systems for cars and commercial vehicles. Its Waterford facility manufactures turbine, compressor and SST wheels for turbochargers.
However, the competitive global automotive industry has seen a reduction in demand, causing the company to cut these jobs.