Mid-west companies to axe more than 60 people
MORE than 60 people have been told they are to lose their jobs at two companies based in the mid-west.
Clancy Electrical (Contracts) in Limerick has been forced into liquidation and 50 people have been made redundant. It is understood that the firm has gone out of business as customers had been unable to pay their bills.
While no comment was forthcoming from the electrical and engineering company yesterday, an informed source said Clancy Electrical (Contracts) had not been paid by several debtors and was owed up to €1m for work concluded.
The firm oversaw major projects in recent years, including the installation of floodlights at three Limerick stadiums; Thomond Park, the new greyhound stadium and the Gaelic grounds.
Meanwhile another company, CWS Boco, is to leave 15 people go by the end of the month.
The business, which supplies linen and hygiene products, blamed the downturn in the hospitality trade for the cuts. CWS Boco is to close its Limerick operation at the Rossmadda Business Park, but said customers would not be affected.