Údarás na Gaeltachta is disappointed that the French-owned company, Dane-Elec Teo, based in An Spidéal, Co. Galway since 1996 has announced that it has no option but to enter a thirty day period of consultation with a view to reducing its workforce from its current level of 61 to 16. This follows a review by the Dane-Elec Group of the profitability of the entire product portfolio. The company has decided to cease the manufacturing of Dram Modules and External Hard Disk Drives as the company has been incurring losses on these for some time.
The redundancy package will affect staff across the entire company and the consultation process in that regard will take place over the next month. A total of 16 employees will be retained as a support group to the Parent Company in France. The company is hopeful that the changes being implemented will assist the Group in returning to profitability and thereby secure the future of the remaining jobs.
Dane-Elec Teo has been a significant contributor to the local and national economy since it first located in An Spidéal in 1996 and from an initial employment figure of nine grew to a peak of 106 in 2008 with an average employment of 63 over the years.