Parsons Engineering to expand in Ireland

PRE-TAX losses at Cork-based Parsons Engineering significantly reduced last year, but the company is planning to expand in Ireland.

The Irish arm of the US-based firm saw pre-tax losses hit €1.2 million last year compared with losses of €2m in 2009.

In its latest set of accounts, the company said the losses reflect the impact of the economic downturn on its existing and prospective customer base.