133 to lose jobs at medical device production plant

A TOTAL of 133 people will lose their jobs because of the closure of a coronary stent factory in Cashel, Co Tipperary, a decision owners Johnson & Johnson blamed on “evolving market dynamics”.

News of the shut-down was delivered to shocked staff in the manufacturing base at a lunchtime meeting yesterday and comes less than five years after plans for the plant’s opening were first trumpeted by then enterprise minister Micheál Martin.

Johnson & Johnson is closing its Cordis Corporation for “strategic business reasons”, it said in a statement yesterday.