E-learning company Thomson NetG is close its research centre in Limerick with the loss of 170 jobs.
The company said the closure is part of a restructuring of its global business operations. The closure will be on a phased basis beginning in January and concluding in mid March.
Only last year the company was awarded a €12 million IDA backed expansion at the centre in Plassey Technology Park, Limerick.
But since then the company has been badly affected by the downturn in investment in the IT sector.
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NetG specialises in designing on line learning solutions for business and technical training.