Careers and Jobs

GE money will stop offering mortgages and reduce its car loans which will result in 80 jobs being lost with the company. GE Money is one of Ireland’s main sub-prime lenders. The company currently employs 400 staff in Ireland. The latest announcement follow after 85 jobs were lost in August.

GE tailored for individuals who could not secure mortgages through high street lenders. These individuals normally had a poor credit history or high associated risks.

This news follow news that 25% of Mortgage Brokers fear for their jobs as the housing market in Ireland grinds to a halt.

Job Interviews Ireland

Terrible news on the jobs front yesterday as 270 staff lost their jobs a few weeks before Christmas. There were 3 counties affected with 110 jobs lost in Galway, 70 jobs lost in Kilkenny and 90 jobs lost in Limerick.

110 jobs lost at Thermo King in Galway

Galway suffered the biggest job losses on the day with 110 going at Thermo King Refrigeration. The company based in Mervue produced equipment for the European transport sector. The company employed 600 staff in Galway.

70 jobs lost at NN Euroball in Kilkenny.

NN Euroball announced it would close operations yesterday. The American company based in the IDA Industrial Estate at Purcellsinch produced high precision metal bearing components for the car industry.

90 jobs lost in Limerick with Filtertek & Brothers of Charity

Filtertek announced that it would be laying of 59 of its 99 staff at Newcastle West. Economic conditions were again cited as the key reason. In Limerick city the Brothers of Charity announced that shortfall in funding will result in 30 people losing their jobs.

Sun Microsystems announced on Friday that it will be cutting between 5,000 and 6,000 jobs globally which represents about 15% of its workforce. High loss has put the company under pressure to take these drastic changes. It is estimated that these job cuts would save the company about USD800m annually.

Careers & Jobs for all the latest jobs news in Ireland. Read recent stories about KOSTAL, BANTA GLOBAL & CITCO FUND SERVICES.

Careers & Jobs helping jobseekers achieve their career goals in Ireland. Read a recent post about Job Search Strategies. Help with CV’s, Cover Letters & Interviews – CV Writing Tips & Help, Cover Letters, Interview Tips Skills & Techniques and much more.

Today the newspapers announced that there are growing over the future of jobs at Kostal. This follows the news that the German manufacturer will cut working tme by 20% from February. The firm manufacters automotive electronic systems employs a total of 1,100 workers in Ireland. Downturn in global car sales has been sited as a reason for the cutbacks which will affect its two plants in Ireland – Mallow & Abbeyfeale. 29 workers are expected to be laid off this side of Christmas. There will also be shutdowns at these plants for three days in November and for three weeks over Christmas. From next February working hours at Mallow & Abbeyfeale will be reduced by 20 percent.

Banta Global Turnkey has announced that it will be cutting 65 jobs at its Limerick plant. This move has been linked to the growing uncertainty over the future of computer maker Dell also based in Limerick. Banta Global Turnkey is a major supplier to Dell. Banta told staff earlier in the week that 65 voluntary redundancies would be sought. We previously posted about Flextronics in Limerick were there was uncertainty about 100 jobs. Interestingly Flextronics are a key supplier for Dell. What next for DELL?

Careers & Jobs offer all the latest Jobs News in Ireland. Careers & Jobs for Career Advice. Careers & Jobs for CV Advice. Careers & Jobs for Interview Preparation Advice.

Citco has announced that it will cut jobs in Ireland. Employee at their IFSC offices were told that jobs will be lost from next month. Citco provides administration services primarily to non-Irish funds and the company has 1,000 employees in Ireland between Dublin and Cork. We announced earlier this year that they would be creating new jobs in Cork. What a difference 6 months makes.

Citco had planned to grow its Cork city operations and allow the location to take responsibility for a wide range of additional activities. This expansion plans were supported by IDA Ireland and were to create 150 jobs over the next 3 years. This expansion is now in doubt with the job cuts announcement.

Irish operations make up more than a quarter of Citco’s overall workforce. Generally the sector, Fund Administration, accounts for 9000 jobs in Ireland.

There are fears for the future of about 100 jobs in Limerick as Flextronics investigates cost cutting. Flextronics employs 290 people in the Limerick. The company provides logistics and warehousing services for many companies in the region, including large multinationals like Dell Computers. There have been ongoing talks between unions and management with an announcement expected next week.

Obviously performance at Flextronics is directly impacted by performance at Dell. It is not surprising that Dell is to axe 400 temp workers. Newspapers reported that Dell is to axe at least 400 temporary workers this weekend. The computer manufacturer confirmed that 400 temp staff will be let go in Limerick. This news has increased fears for the 3000 permanent employees

Another blow for electronics was the news that Motorola is cutting 3,000 jobs globally.

County Cavan bucked the jobs trend this week when Pauwels Trafo Ireland announced that it will be creating 70 new jobs in Cavan Town. The 70 jobs will be “high quality jobs” and will be created over the next 2 years. These jobs come as part of a EUR12m investment to expand the manufacturing facility. Pauwels Trafo Ireland manufactures wind transformers for western European markets. The company is owned by Crompton Greaves which is one of India’s largest private sector firms. I guess this is Karma paying Ireland back for all the recent job loss to low cost economies like India.

Dublin also received good news when Microsol announced that is will be investing in R&D at its operation in Dublin. There was no mention of a figure but these are the high end announcements we want. Microsol is based in D2 and they supply state of the art control technology. Interestingly they are also owned by Crompton Greaves.

Another announcement which was not so good was the news released from Xerox. They will slash 3,000 jobs globally which could have a direct impact on jobs in Ireland.

Careers and Jobs a site dedicated to jobseekers and employers in Ireland. Job News, career coaching advice and much more.

New jobs on the way for the Mid West with 3 firms to create over 200 new jobs. Microsemi is a US firm producing equipment for space exploration. If reports are accurate they are planning an expansion which will create 185 new jobs over the next two years. This is great news for Ennis and the Munster region. What a turnaround too. Only last May the company was close to pulling out of Ireland. Also in Ennis Async Technologies has announced that it will be creating 11 new jobs. Down the road in Limerick Avvio is set to create 30 new jobs for the city. The 3 announcement bring a combined total of 224 jobs.

Sadly Aer Arann announced that it will axe 100 jobs as part of a survival plan. The aviation firm has suffered during recent economic turmoil. Workers were informed this week of the major restructuring and cost cutting programme.

Careers and Jobs offering you all the latest Jobs and Careers news in Ireland.

More bad news on the jobs front hot on the heels of a negative budget. Wyeth Medica in Kildare has announced that it will be reducing its workforce. In Waterford there was also bad news with Waterford Crystal seeking 280 redundancies. These developments follow a negative buget for most households. For more info on the 2008 budget.