228 jobs are set to go at the Jacobs (www.jacobs.ie factory in Tallaght, Dublin. Management said the factory was working at only 16% of it’s full capacity compared with other plants. Also most of the equipment was severely outdated, which led to it being an extremely uncompetitive facility. The redundancy package is estimated to be worth around €10 million to the staff in Belgard Road factory.
Manufacturing will cease by early 2009. It is also reported that the site alone could be worth €100 million, so the payment of redundancies is only a small percentage out of this. The 27 acre site could be sold at an estimated €4 million per acre it has been suggested.