€4m from state ‘could have saved 700 jobs’ at aircraft firm

A GOVERNMENT intervention of just €4 million would have saved an additional 700 jobs at airline maintenance firm SR Technics, SIPTU has claimed.

Yesterday it emerged that the Zurich-based firm had agreed to sell the bulk of its aircraft maintenance operation in north Dublin to Dublin Aerospace Ltd, a group led by Irish aviation executive Conor McCarthy.

It is expected that this intervention could save 250 of the 1,135 jobs that have been lost since SR Technics decided to pull out of Dublin and focus operations elsewhere.