KILMALLOCK has suffered a serous blow following the announcement that a local engineering company that has been in business for 20 years is to close with the loss of all jobs.
Glenfield Engineering Limited told staff on Friday last (October 13) that the mechanical engineering firm would be closing due to “heavy losses”.
Staff learned of the closure in a letter which confirmed that the company has incurred “heavy losses” and “been under massive pressure financially”.
The company employed almost 80 people directly and their main business sectors included included pharmaceutical, power generation, bio pharma, oil, gas, and refinery and cement plant works.
The closure is expected to have repercussions for other local businesses and suppliers.
Based in Kilmallock, the company was founded in 2003 by Seamus Buckley, who passed away in 2022.
Shane O’ Brien, Managing Director, Darragh O’ Brien, Director, and Ann Buckley, Financial Director, signed the letter to staff announcing the closure and saying that they made the move with “heavy hearts”.
The letter outlined how the company had tried to stem trouble two years ago by employing an external company to try and attract investment to get the business back to profitability.
The company was regarded as one of Ireland’s foremost mechanical engineering providers.