Element Six to cut 370 jobs at its plant in Shannon; Blames high-cost environment in Ireland
Jul 22nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Element Six is to cut 370 jobs at its plant in Shannon, Co. Clare. The announcement was made this morning at a meeting with workers. The company blamed the high-cost environment in Ireland, which it said could no longer be sustained. It is one of the oldest companies in Shannon and was formerly known as DeBeers, a unit of the South African diamonds group.