Threat to 700 Limerick jobs lifted

Around 700 jobs at Aughinish Alumina in Limerick now appear to be fully secure after the US Treasury accepted concessions made by its owner to end sanctions imposed on it.

The Treasury said it was satisfied Russian billionaire Oleg Deripaska had made provisions to relinquish control over a number of companies, including Rusal, the parent of Aughinish Alumina, near Askeaton.