Factory to close with loss of 234 jobs

THE town of Youghal in Co Cork has been industrially undermined again, with the shock announcement yesterday of 234 job losses at the Technicolour Home Entertainment Services (THES) factory.

Just before Christmas, the town was dealt a severe blow when the US-based telecom equipment-maker Artesyn announced it was to close with the loss of 160 jobs.

The east Cork region has been shunted closer to total economic disaster with yesterday’s grim news, delivered by Dr Paul Smith, director and general manager of THES.