EMCC European Monitoring Centre on Change

Wessel Industries

Company/Organisation:
Wessel Industries

Geographic Location

Country: Ireland
Region: Southern and Eastern

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Number Employed: 220
Group: ABB

Employment Effects

Announcement Date: 05-03-2004
Planned Job Reductions min: 120
Planned Job Reductions max: 120
Type of Restructuring: Bankruptcy/Closure

Additional Information

Electronic cabling firm Wessel Industries is closing a manufacturing unit in Dublin with the loss of 120 jobs and consolidating its Irish business in Longford. However, staff at the Dublin plant will be offered the chance to move to another Irish plant in Longford, where Wessel employs 100 people. Mr John Hughes, managing director of Wessel, said it was not certain how many jobs would be available in the more modern Longford factory but the number would be substantial. The company, which has operated the Dublin plant since 1979, said the decision to close was unavoidable "due to market trading conditions, the pressure to reduce costs and to remain competitive while retaining a manufacturing presence in Ireland". The Dublin factory first opened in 1946. The jobs will be phased out over the year, with most people not leaving the company until September. Staff would be given help in finding alternative employment, the company said. Wessel manufactures cabling for the energy, data and telecommunications sectors. Mr David Murphy, marketing and communications manager in Ireland for ABB, Wessel's parent company, said the company had succumbed to the same problems that have beset other manufacturing industries in Ireland. "Costs are rising across the range - in insurance, raw materials, staff and logistics," said Mr Murphy. "The fact is that the cheaper economies in eastern Europe are an increasing problem for manufacturing in Ireland".