117 staff lose jobs in company closure

MORE than 100 workers at Diamond Engineering Ltd in Limerick are facing an uncertain future after they were told the company is to close.

The 117 job losses in Kilmallock, bring to more than 13,000 the number of people laid off in the past seven weeks.

Many of the workers were in tears yesterday when management of the company announced the shock closure due to the increased cost of production, soaring insurance costs and the downturn in the global economy.