Cork-based international engineering group Kentech sharply pared its losses to $2m (€1.88m) last year.

Two directors of the Cork-based Kentech group have secured a two-month stay on execution of judgments for $683,000 (€539,000) against them following disputes about implementation of a settlement agreement to buy another director’s shares for $11m.

A BITTER dispute between some directors and shareholders of the giant Kentech group, which employs 2,800 people in Ireland and worldwide in providing engineering and other services, has come before the Commercial Court.