Molex, a global supplier of interconnect products, is seeking 100 redundancies and a pay cut of 5%, from its office in Shannon.
The company, which employs around 400 people, says this is a result of a sharp fall in demand for its products, and a shortfall of around $100m in the three months up to the end of December 2008.
In order to keep costs in line with sales it is accelerating a restructuring program initiated in June 2007 and is reducing the number of workers across its global operation.
While it was not specific about job cuts, workers have been told the company is looking to reduce the Shannon workforce by 100 and to cut wages by 5% and to reduce the working week.
