S3 to lay off 70 in closure

S3 — Silicon & Software Systems — is in the midst of a major consolidation of its resources which will result in the loss of 70 jobs and the closure of its Galway design facility.

Founded in 1986 by Professor Maurice Whelan with the backing of the IDA and Phillips Electronics, S3 hopes to have 300 employees at the end of the restructuring with the majority of these employed in Dublin and Cork.

S3 says it plans to relocate the vast majority of its employees from the Galway facility to Cork, where S3 has developed a €2.5 million design centre. In all, 40 jobs will go in Ireland.