A receiver appointed to Cork-based firm Hormann Electronics has told staff he hopes to be in a position to make an announcement on the future of the plant by the end of the week.
The company, which is based at Blackrock in Cork city, employs approximately 130 people.
Production is continuing at present despite the company's recent difficulties.
Hormann Electronics has been assembling and testing printed circuit boards at the plant for more than 30 years.
The company has gone through a number of name changes and buy-outs.
The firm was the subject of a management buy-out in 2005, when it embarked on a €2.5m capital investment programme.
But faced with competition from Eastern Europe and the Far East, Hormann Electronics ran into financial difficulty in recent months and joint receivers were appointed last week on foot of financial losses.
The two receivers are now conducting a review of the company and workers at the plant have been told it is hoped to complete that review by the end of the week. An announcement will be made at that stage.
Production will continue at Hormann Electronics throughout this week while attempts will be made to salvage at least part of the business. However, concerns for the future of the jobs there remain.
