71 jobs created at engineering firm
Published 05/06/2010 | 05:00
A county ravaged by unemployment got a boost yesterday with the creation of 71 jobs at a local engineering firm.
E&I Engineering Ireland in Burnfoot, Co Donegal, is expanding and the new roles will be based at the firm's head office.
The new jobs will be a significant boost for the Inishowen peninsula, where almost half the workforce is unemployed.
The company, which is a leading designer and manufacturer of electrical distribution and switchgear products, has won lighting contracts for the new Aviva Stadium at Lansdowne Road and Wembley Stadium in London in recent years.
It was established in 2003 and expanded its workforce five-fold between 2005 and 2009. It currently employs 249 people at its base on the Inishowen peninsula, close to the border with Co Derry.
The new jobs will be created in research and development over the next three years with €3.6m of investment, supported by Enterprise Ireland
Managing director Philip O'Doherty said that over the next two years the company will target its existing sectors as well as the renewable energy sector for research and development.
"We also intend to expand our geographic sales into mainland Europe and the third focus will be on cost competitiveness, to be achieved through a lean manufacturing programme, which will allow us to continue to grow efficiently," he said.
Frank Ryan, CEO of Enterprise Ireland, described the company as a key client and a significant contributor to the economy of the north-west.
"E&I has particular potential for rapid and steady growth to quickly achieve international scale," Mr Ryan said.
Tanaiste Mary Coughlan, who is from Co Donegal, said: "It is this commitment to research-led growth that is at the heart of E&I's success."