Limerick-based precision engineering firm Takumi has announced the creation of an additional 60 new jobs over the next four years at its facility.

The company, which already employs 80 people in Limerick, supplies highly regulated industries such as medical device, aerospace, semiconductor and pharmaceutical..

Takumi also today announced a new management structure as it prepares for a positive and sustainable return to growth having weathered the 2020 Covid storm.

It said its revenues dropped significantly during 2020 due to supply chain turbulence and disruption caused by the Covid-19 crisis, but the company foresees recovery from the middle of this year and a doubling of revenues. 

"Focus is now on rebuilding and securing resources to meet the needs of an ever-growing customer base," the company said. 

Under the new management structure, Donal Galligan will take on the role of CEO, assimilating many of the responsibilities previously held by company founder Gerry Reynolds, who will take on a more strategic business development and stakeholder management role. 

In addition to appointing Mr Galligan as CEO, the company has also added several new positions and made important strategic changes to its organisation and management structure.

Shane O'Neill takes on the role of New Product Introduction Manager, while Colm Diggins will move into the role of Technical Sales.

Fiona Murphy is also co-ordinating the Sales & Marketing activities in the business including a rebranding of the business which will be rolled out in the near future.