Oasis Ireland, which makes watercoolers and dehumidifiers, confirmed today it is to seek 46 redundancies at its plant in Ballina, Co Mayo.
The US-owned company, which been operating in the area for the past eleven years, currently employs 122 people.
A spokesman for Oasis Ireland told ireland.com yesterday the redundancies were prompted by the global economic downturn.
However, he said the Oasis company was "well placed" for a return in global demand. "We just don't need the production right now," he added.
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Oasis is the world's largest manufacturer of bottled water coolers