It stated the work of the global OBC transfer project team organising the transfer will now accelerate. KOSTAL management said it accepts and understands there are continuing uncertainties about the transfer timeline that need to be clarified. KOSTAL announced in October 2024 that it was looking to reduce its workforce by 60 after staff were issued with a letter outlining the changes. Requests were made before Christmas for the Minister for Enterprise and the IDA to engage with KOSTAL to safeguard as many jobs as possible. The company previously intimated that it may invest in other forms of production such as spare parts and injection moulding.

Source: Irish Independent January 09, 2026 00:33 UTC