170 jobs to go as jewellery plant shuts
Almost 170 jobs will be lost with the closing of Limerick jewellery manufacturer Andersen Ireland.
The owner of the firm, PL Holdings, made the announcement to 169 staff at the Rathkeale-based plant earlier this morning.
Despite hopes that profits would improve, the company is to be put into voluntary liquidation “due to continued losses” at its production facility.
Trading will continue until a liquidator steps in on September 23.
Employees had already been on a three-day week prior to today’s decision. They have now been given two weeks’ notice to finish up at Andersen, which has already been through an insolvency process last year.
Accessory products from the Rathkeale facility are sold throughout mainland Europe. Today’s news will be a blow for the area.
A statement on behalf of the company said: “PL Holdings has taken the decision to put Andersen Ireland into voluntary liquidation and to concentrate manufacturing in its remaining facility in Vienna where central functions such as design, prototyping and process planning are located.”
“Upon his appointment, the Liquidator will assess the viability of the business into the future and will engage with employees at the earliest opportunity to assess whether some positions can be protected, and to address the issue of redundancies as applicable,” the statement continued.
Independent News Service