Losses at Option Wireless fall to €4.5m as staff shed

LOSSES at Cork-based wireless technology manufacturer Option Wireless narrowed last year to €4.5 million as it slashed the numbers it employed.

Accounts filed with the Companies Registration Office by Option Wireless Ltd show that revenues more than halved from €115.8m to €45.1m in the 12 months to December last.

At the end of 2009, the company’s Global Operations headquarters based at the Kilbarry Industrial Estate in Cork employed 240, down 36 on the previous year.