Less than a year after announcing a 100 job expansion, the Optel Vision group is laying off 15 of its 150 staff at its Raheen plant in Limerick.
The Canadian company develops and installs specialist vision inspection systems and services, mainly for the pharmaceutical and medical devices industries.
Optel Vision, which has a presence in 15 countries globally, established its first European hub in Limerick.
The company says the redundancies are part of a global restructuring programme.
Headquartered in Quebec, Optel opened its European headquarters in Limerick in 2014. Last January, the company announced plans to increase its workforce from 72 people to 172 by recruiting process engineers, process assembly technicians, field service engineers, and technical support specialists.
Company management said they were planning to make Limerick a “hub” of its global activity, therefore creating hundreds of more jobs at its base in the former ONSemiconducter factory on the Raheen industrial estate.
More business news here