Galway layoffs follow IBM jobs boost

Updated: 19:50, Tuesday, 25 November 2008

There has been mixed news on the job front, with 25 layoffs announced at a Co Galway factory and 40 new jobs being created by computer giant IBM.

1 of 2 Valeo 25 layoffs over declining sales
Valeo
25 layoffs over declining sales
2 of 2 IBM New partnership with Irish universities
IBM
New partnership with Irish universities

A car component factory in Tuam is to lay off 25 of its 260 strong workforce, it has been announced this evening.

Valeo Vision Systems, which specialises in manufacture of in car camera systems, says the lay off are as a result of declining sales in the international automobile industry.

Valeo, which is headquartered in France, employs 61,000 worldwide.

It acquired the Tuam factory, which was previously known as CEL, last July.

In a statement the company says the job will be mainly in the production area of the plant.

In a separate development, 40 new jobs are to be created as a result of a new research collaboration between IBM and Irish universities.

Under the agreement, IBM super computing experts will work with researchers from Trinity College, Tyndall National Institute, NUIG, UCC and the Irish Council for Science, Engineering and Technology.

The aim is to develop more powerful computer systems to deal with massive volumes of data and analysis.

  • Six One News: Watch the video

    Watch the video

    Six One News

    25 November 2008

    Watch the video

    25 Nov 2008 0:26

Live Player

  • Next
  • 04:05 - 04:30

    Nationwide

  • 13:00 - 13:45

    RTÉ Radio - News at One (Studio Webcam)

  • Later
  • 13:05 - 13:15

    RTÉ News and Weather

  • 17:45 - 18:00

    Nuacht RTÉ

News Quiz