THERE is bad news on the jobs front in Limerick today after it emerged Irish Cement is looking to cut 55 staff in Mungret.
Employees of Irish Cement were told on Friday the firm is looking to cut a third of its workforce here - but thhe plant would not be closed.
It blamed a large downturn in the construction sector - where activity is down 80% from its 2007 peak.
Details of the restructuring plan will be negotiated at talks with unions over the coming days.
The Irish Cement plant in Limerick has been in existence since the 1930s, and was described by one source as part of the fabric of the city.
In a statement Irish Cement Ltd said that it had met with employees and that an unprecedented deterioration in market conditions, combined with a sustained decline in demand has forced a ‘significant restructuring plan’ to be implemented at the Castlemungret facility in Co. Limerick.
The company says that activity is now 80% below 2007 peak levels with little indication of improvement in the foreseeable future. The company says that they will meet with unions and employees to finalise the detail of the restructuring plan.