Shannon company set to lay off almost 40 staff in the short term

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A company in Shannon, has told staff that it plans to seek as many as 40 redundancies in the coming months.

Management at Ei  Electronics called workers to a meeting yesterday afternoon to tell them the news.

The company is seeking between 30 and 40 redundancies from its 350 strong workforce however there is speculation that the move may only be a temporary measure.

It is understood that the company has an over supply of stock and is letting some staff go until that stock has returned to normal levels.

The company is now set to enter a 30-day consultation process with staff before the lay-offs will begin.