Kostal plant in Limerick loses solar panel division to Germany but no job losses
AN ELECTRONICS manufacturing company is to move one of its divisions back to Germany.
But workers at the Kostal plant in Abbeyfeale, Co Limerick say there are no concerns about jobs at the factory that manufactures electronic parts for the automobile industry.
It is understood the company is moving its solar panel division back to its parent company in Germany.
Workers were informed of the decision at a meeting called by management at the Limerick factory yesterday afternoon.
There was no announcement made on any redundancies arising from the changes.
It is understood that between 30 and 40 people are employed at this division of the Limerick plant.
The company has been in Abbeyfeale since 1981 and is one of the biggest employers in the area, employing over 800.
It sister plant in Mallow, Co Cork employs a further 300. Worldwide the company has a 9,000 strong workforce.
Its main customers are the major car manufacturers including Mercedes Benz, BMW, Volkswagen, Volvo, Nissan and Toyota.
Two years ago the company invested €40m in its Irish operations, part of which financed the development of a new manufacturing capacity producing photovoltaic inverters - high tech devices that convert solar power into electricity - at the Limerick plant.
Workers leaving the plant yesterday said the announcement was expected.