Diamond giant blames lack of competitiveness for 370 lost jobs

THIS country’s lack of competitiveness was yesterday blamed for another huge jobs loss when international diamond giant Element Six (E6) announced the lay off of 370 workers at Shannon, claiming its Irish operation was the most expensive in the world.

The company said it will stop all manufacturing and distribution at its Shannon site in Co Clare and retain just 80 workers in research, administrative and customer support roles.