Choose your location

Latest
SpaceX rocket launch causes stunning ‘jellyfish cloud’ visible off US east coast Archaea With a 238,000-Base-Pair Genome Found Near Japan — ScienceAlert Bank of America fined $1.2bn over failing to stop money laundering Orlando Pirates vs TS Galaxy: South Africa PSL stats & head-to-head Lena Dunham’s Girls returning for limited run at HBO Trump ousts Kimberly Guilfoyle as US ambassador to Greece after corruption allegations

Daktronics to close Clare facility with the loss of over 100 jobs

US headquartered electronic display system firm Daktronics is to close manufacturing facility in Ennistymon in north Clare with the loss of over 100 jobs.In an announcement on Wednesday, Daktronics said...

The Irish Times Gordon Deegan

US headquartered electronic display system firm Daktronics is to close manufacturing facility in Ennistymon in north Clare with the loss of over 100 jobs. In an announcement on Wednesday, Daktronics said that the closure is anticipated to be substantially complete by middle of 2028.

The move follows Daktronics’s decision to exit the portion of the business which serves rail, bus, and roadway customers outside of North America. The company said that the action was “intended to reduce fixed costs with a low or negative return outlook and improve manufacturing utilisation across the company’s global manufacturing network”.

President and chief executive officer (CEO) of Daktronics, Ramesh Jayaraman, said that “exiting Ireland and aligning our manufacturing capacity will help us manage factory utilisation across the network more effectively, improve workforce productivity, set the stage for further automation, and streamline procurement initiatives”.

“We are taking these steps to meet the evolving needs of our customers,” he said. The company’s vice-president for international markets,Judd Guthmiller said that the decision to cease manufacturing operations in Ireland “has been a very difficult decision and has not been taken lightly, but market realities have made it unavoidable”.

“It does not diminish the enormous contribution our Ireland colleagues have made to the company and to our customers and our focus now is on supporting the team through the closure process in the best way possible.” Tuesday’s announcement followed the company confirming at the start of September that it was entering a collective redundancy consultation after it informed its employees that their positions were at risk.

In its statement company said that leaving Ireland was expected to result in $13.5 million (€12 million) of cumulative pretax charges, including employee-related costs, facility wind-down and equipment-transfer costs, and also potential asset impairments. Daktronics said that when fully implemented, the closure was expected to generate $7.7 million of annualised pretax savings which, it said, will fully offset the associated implementation costs in less than two years “while contributing to the company’s broader structural cost reduction and margin improvement objectives”.

The most recent accounts for Daktronics Ireland Co Ltd showed that the company was profitable. For the 12 months to the end of April 2025, the firm recorded a pretax profit of €586,003 as revenues decreased by 8.5 per cent from €17.98 million to €16.44 million. The company at the end of April 2025 employed 116 and staff costs for the year totalled €6.49 million.

Article text via FreeNewsAPI. Rights remain with The Irish Times.

Read on publisher site → Opens The Irish Times in a new tab

More in Local