Celestica halves workforce of 500, citing global economic slump

THE fall-out from global economic downturn hit hard yesterday when Celestica Electronics shed half of its workforce of 500 at Swords, Co Dublin.

Management at the plant blamed the losses on “sustained economic uncertainty and prolonged and difficult market conditions”.

A company spokesman said the company would hold talks with staff over the next 30 days. Initially, redundancies would be voluntary, but he stressed that if the required numbers were not found, job cuts would be compulsory.