Fexco likely to cut workforce by more than 100

MORE than 100 jobs are likely to be cut this year at Kerry-based business services group Fexco.

The Killorglin-headquartered credit management specialist yesterday confirmed previous rumours that 60 staff are to be let go at its Cahersiveen facility, in the wake of a client choosing not to extend a contract with the company.

Fexco said yesterday that the contract had originally been due to end last August, but had been extended to this month.