Kingspan blames downturn for 24 layoffs

THE downturn in the property market is being blamed for the loss of 24 jobs at a timber-frame manufacturer in Dungarvan, Co Waterford.

Kingspan Century says the layoffs of the last remaining 24 manufacturing employees are “temporary” and they hope to source new contracts in coming weeks so activity at the plant can resume.

The company employed up to 150 people in the town a year ago but the general decline in house-building in recent months has seen its business suffer.