SRT buyer to be known in two weeks time

The Industrial Development Authority (IDA) is understood to have completed it's evaluation of the bidders for the business of SR Technics in Dublin and has sent on details of the top five preferred proposals to SRT's headquarters in Zurich. SRT have committed to getting back to the IDA inside the next two weeks with it's preferred choice.

A last minute fifth bid entered the fray along with the bid from former Ryanair executive Conor McCarthy, one from Setanta Sports Mark O'Meara, one from a European company specialising in APUs and one bid from a Canadian Company.

Last Friday a further 42 staff were laid off at the Dublin operation, bringing to 727the number laid off so far.

Posted 090505