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12/12/2002
Dublin electronics plant to close by Christmas
Dublin-based electronic engineering company Trend Technologies Europe is to close this month with the loss of 120 jobs.
It is understood that the closure at the plant in Clondalkin will occur in phases in the run up to Christmas. Almost half the posts at the plant have already been phased out and the rest are to go by December 20.
Various initiatives, such as pay freezes, had been put in place in an attempt to keep the plant open, but with the closure announced unions were trying to secure redundancy payments for the staff.
Formerly known as Ballymount Precision Engineering, the firm, which supplied components for the computer industry, was bought in 1998 by US-based Trend Technologies. However, the Trend Technologies group filed for Chapter 11 bankruptcy last month.
A second plant in Mullingar owned by Trend Technologies will not be affected by closure of the Dublin plant.
(SP)
It is understood that the closure at the plant in Clondalkin will occur in phases in the run up to Christmas. Almost half the posts at the plant have already been phased out and the rest are to go by December 20.
Various initiatives, such as pay freezes, had been put in place in an attempt to keep the plant open, but with the closure announced unions were trying to secure redundancy payments for the staff.
Formerly known as Ballymount Precision Engineering, the firm, which supplied components for the computer industry, was bought in 1998 by US-based Trend Technologies. However, the Trend Technologies group filed for Chapter 11 bankruptcy last month.
A second plant in Mullingar owned by Trend Technologies will not be affected by closure of the Dublin plant.
(SP)
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