1,200 jobs lost as SR Technics shuts Dublin facility

Zurich based MRO provider SR Technics announced today that it was shutting it's Dublin operation with the loss of 1,135 jobs and entering into discussions with the unions representing the workers at the facility. A further 200 employees are employed in line maintenance, work which the company intends to transfer to another operator.

Citing the loss of major contracts at Dublin (notably Aer Lingus and Gulf Air), the current business forecast and the high cost base of the Dublin operation, the company said that it was not possible to fill the capacity gap with medium term sustainable business.

Bernd Kessler, CEO SR Technics, said: “We are announcing this deeply regrettable and difficult step only after an exhaustive evaluation of all strategic options for our Group wide operations. We are fully aware of the difficult economic and labour market situation in Ireland and the personal implications of a closure for our staff in Dublin. My management team will be working closely with the relevant unions over the coming weeks and we will ensure that our Dublin employees are fully informed and supported as this process develops. We will do all we can to minimise the impact of this announcement on the workforce.”

The announcement came one day after last minute talks between senior management at the company and the government including Tanaiste (Deputy Prime Minister) Mary Coughlan who is also Enterprise Minister. Among the options which were explored was the sale of the company to a third party.