ELECTRONIC products firm Jabil is pulling out of Dublin with the loss of its 75-strong workforce.
The company said yesterday that the decision was taken for cost reasons.
The decision comes when the cost of doing business in Ireland is becoming an increasing worry for multinationals and indigenous industry alike.
"Jabil's Dublin operations' current cost structure does not meet market requirements, therefore Jabil proposes to close the site," the company said.
"As a result of this announcement we will now enter into formal consultation regarding this proposal."
A spokeswoman for the company would not comment yesterday as to whether the jobs are being outsourced to a lower cost economy.
Last March Jabil, which repairs circuit boards for the electronics industry, confirmed that it was seeking 65 redundancies.
Recently the Irish Business and Employers Confederation's (IBEC) third national survey claimed that the cost of doing business in Ireland is now "spiralling out of control and threatening the viability of both indigenous and multinational companies".
According to IBEC, the Irish economy lost somewhere in the region of 6,000 jobs in the first three months of 2006.
The results of the survey, which tracks the rate of increase in 11 business cost headings over the two years 2004 to 2005, indicate that costs are rising at more than three times the rate of inflation.
"Increases of this scale are both indefensible and unsustainable," said Brendan Butler, IBEC director of enterprise. "Unless meaningful action is taken to address this imbalance, the ability of Irish business to compete will be seriously threatened and this will ultimately put jobs at risk."