American firm seeks voluntary deals to cut 200 jobs

AN American-owned company said yesterday that it hoped a “very attractive” severance package will enable it to shed 200 jobs through voluntary redundancies.

R Donnelly Global Turnkey, which is based at Hollyhill in Cork city, is relocating some of its production to the Czech Republic, where wages are far lower.

While the company refused to say how attractive the severance package is, The Irish Examiner understands it is planning to offer seven weeks’ pay per year of service.