Thursday, February 26, 2009

SR Technics were viable up to closure announcement

The group of unions representing workers at SR Technics maintain that more than half of the company's order books for the Dublin facility in 2009 were sold before the decision to close the facility was announced.
Addressing the Oireachtas Committee on Transport, William Quigley, the chairman of the SRT union forum maintained that some departments had sold 80% of their capacity for the year ahead. He also maintained that the company had made a decision some time ago to close the Dublin facility and moved profitable business from Ireland to Zurich, forcing Dublin to carry out loss making activities.
The union also maintain that the Dublin facility was given a directive that all individual contracts be profitable, an instruction which forced the Dublin operation to quote for work at prices which the market could not bear. Despite this the unions maintain that the company had work in the pipeline which would cause the company to perform at break even or slightly better.

No comments: