178 jobs to go at Waterford electronics plant

An electronics plant in Waterford has announced plans to close its operation next year with the loss of 178 jobs.

ABB Transformers told workers this morning that the Tycor facility would be shut down from next March.

The company is blaming the decision on a decline in orders and a lack of potential business in the market.

A consultation process is underway with unions and employees to decide on a compensation package.