Cork based Bourns Electronics (www.bourns.com) has announced today that they are letting 80 people go from their Mahon plant. They cite the rising costs of manufacturing in Ireland as the main reason for their pull-out. Their operations will move to Mexico and Hungary where there are significantly lower operating costs.
This bad news comes straight after Procter & Gamble announcing today that they are laying off 280 people in Nenagh. Not a good day for Irish industry at all 🙁