Cork’s Stryker profit falls

Pre-tax profits at the Irish arm of US medical device manufacturer Stryker last year fell sharply to €59.86m.

Revenues at the firm which is a large employer in Cork fell 38% to €271m, according to accounts.

According to the directors’ report, “turnover decreased by 38% during the year primarily due to the fact that the company operated as a contract manufacturer for the full year of 2015 but only for three months of 2014”.