Cavan factory set to close with 60 job losses


US computer company Teradyne is expected to confirm today that it will close its factory in Cavan town with the loss of 60 jobs, 39 full-time and 21 part-time.

The plant has only been in operation for 18 months.

It is believed the company intends to move its operation to its Blanchardstown plant which employs over 300.

However, in November 2001 the Tánaiste, Ms Harney, was in Cavan town for a high profile launch of the company's proposed 700 job project.

A downturn in the market in communication systems is being cited for the project's inability to get off the ground.