Waterford to lose 178 jobs in shock blow

COMPONENTS producer ABB has become the latest manufacturing company to shed jobs due to a downturn in demand.

In a week in which 400 job losses have already been announced, ABB said it had decided to discontinue operations at its manufacturing unit in Waterford by the end of next March with the loss of 178 jobs.

“The closure is as a result of significantly lower orders and lack of potential business in the markets served by this unit, making it unviable,” it said.