Ireland
Video firm to put staff on three-day week
Wednesday, 29 September 2004 15:17A video production company in Sligo that employs 185 people is to put most of its workforce on a three-day week.
Saehan Media said the move is absolutely essential in the light of a sharp decrease in the European VHS market, the strong euro and manufacturing over-capacity in the industry.
The three-day week will come into effect on 18 October.
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However, the company says they will be making every effort to reverse the situation as a matter of urgency.
Saehan Media opened in Sligo in 1991 and employed 400 people.
At the end of last year, it shut down a number of production areas in the plant. And earlier this year, 75 temporary and permanent staff were let go.
