The Lufthansa Technik group of companies in Ireland last year recorded pre-tax profits of $77m (€70.3m) following the closure of one of its units.

Siptu’s 350 members at Shannon Aerospace are to ballot for industrial action at the end of this week.

Shannon: Workers at one of the mid-west’s largest companies have voted in favour of a restructuring programme which will see almost one fifth of full-time workers laid off from January.