Irish Rail to shut down some freight services

IRISH Rail is to pull out of its loss-making freight services which employ 250 people but insists no jobs will be put at risk.

Iarnród Éireann is projected to lose around 25m this year, 14m of which arises from its freight services.

The closure of Irish Fertilizer sic Industries, Iarnród Éireann's third largest customer, has further deepened the company's financial crisis.