Fears for over 300 jobs in Shannon have been raised as the future for Lufthansa in Co Clare comes under threat.

Lufthansa Technik are carrying out a strategic review of its Shannon operations which is examining three options for its future in the Mid-West. The first option is to restructure its Irish operation, the second is to close down the plant entirely and the third is to sell the business.

Of the three options on the table, The Business Post reports that a sale is the most likely outcome. Management of the aircraft and repair business are keen to cut costs at the Shannon plant. The paper reported that senior political figures including Tanáiste Leo Varadkar (FG), Minister for Finance Pascal Donohoe (FG) and Minister for Public Expenditure Michael McGrath (FF) have been notified of the company’s current position.

A spokesperson for Lufthansa Technik confirmed requests with public representatives to extend COVID-19 supports such as the wage subsidy scheme and rates waivers were made. “COVID-19 has had a devastating impact on the aviation industry and the effects on our business will be felt long beyond 2021. We are therefore looking at what changes, if any, need to be implemented to allow us to navigate one of the most difficult periods in our trading history”.

Prior to COVID-19, over 500 persons were employed by Lufthansa Technik in Shannon. However the onset of the pandemic resulted in this figure dropping to in or around the 300 mark.

The Clare Echo understands that potential buyers have visited the site but this remains at a commercially sensitive stage. A decision on Lufthansa Technik’s future is to be made known in the first half of July.

An operating loss of €318m was recorded by Lufthansa last year, this compares with a €403m operating profit from 2019.

Combined sales of €65m in 2020 were recorded by the German firm’s Shannon business, this was a 28 percent drop on the €90m in sales a year previously.

Related News

TMP_3810
Relay For Life ‘a very powerful community’ says Clare Rose Aisling
kevin corrigan mary howard samba 1-2
Ennis 2040 DAC Chief & Cllr Howard to start up samba band
eoin gavin 2
'Impact of lack of housing in Shannon is too big to ignore' - Chamber President lays it on the line for Housing Minister
Ennis Car Park Announcement 031 eamon o'dea pat dowling kieran keating deirdre murphy brian fitzpatrick
Lease arrangement with Council for Cloister car park offers 'financial assurance & certainty' for Clare GAA
Latest News
eoin gavin 2
'Impact of lack of housing in Shannon is too big to ignore' - Chamber President lays it on the line for Housing Minister
Ennis Car Park Announcement 031 eamon o'dea pat dowling kieran keating deirdre murphy brian fitzpatrick
Lease arrangement with Council for Cloister car park offers 'financial assurance & certainty' for Clare GAA
uhl exterior
Preliminary assessment underway following death of teenage girl at UHL
alan troy mary howard 1
Fianna Fáil tipped to run four candidates in West Clare
sixmilebridge road parking
Man arrested & released without charge in investigation into alleged assault of boy (12)
Premium
alan troy mary howard 1
Fianna Fáil tipped to run four candidates in West Clare
sixmilebridge road parking
Man arrested & released without charge in investigation into alleged assault of boy (12)
2022 Clare Co Board Convention -9440
Clare GAA will be keeping door open for media to attend County Board meetings
Ennis Car Park Announcement 026 pat dowling kieran keating
Council & Clare GAA enter commercial arrangement to lease Cloister car park
st josephs doora barefield v clarecastle 03-06-23 colin lynch 1
Intermediate hurling management teams finalised for clubs vying to get back to top tier

Subscribe for just €3 per month

If you’re here, you care about County Clare. So do we. Did you rely on us for Covid-19 updates, follow our election coverage, or visit The Clare Echo every week for breaking news and sport? The Clare Echo invests in local journalism and we want to safeguard its future in our county. By becoming a subscriber you are supporting what we do, will receive access to all our premium articles and a better experience, while helping us improve our offering to you. Subscribe to clareecho.ie and get the first six months for just €3 a month (less than 75c per week), and thereafter €8 per month. Cancel anytime, limited time offer. T&Cs Apply. www.clareecho.ie.

Subscribe for just €3 per month

If you’re here, you care about County Clare. So do we. Did you rely on us for Covid-19 updates, follow our election coverage, or visit The Clare Echo every week for breaking news and sport? The Clare Echo invests in local journalism and we want to safeguard its future in our county. By becoming a subscriber you are supporting what we do, will receive access to all our premium articles and a better experience, while helping us improve our offering to you. Subscribe to clareecho.ie and get the first six months for just €3 a month (less than 75c per week), and thereafter €8 per month. Cancel anytime, limited time offer. T&Cs Apply. www.clareecho.ie.

Scroll to Top