04/12/2007

Galway Likely Target As Abbot Labs Prepares To Shed Jobs

One of Ireland's most significant employers is poised to announce job losses.

Abbott Laboratories, one of the largest US multinationals in Ireland, is expected to announce the job cuts in its Irish operations later today.

It is understood to be planning a meeting with staff this afternoon to outline details of the cuts.

The medical devices company employs more than 3,500 people in six plants around Ireland and is believed to be planning significant redundancies.

The Galway plant in Mervue is likely to be the focus of the lay-offs.

(BMcC)

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