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Over 300 employees at the north Westmeath Iralco plant are to retain their jobs, it emerged this week, as the sale of the car parts manufacturer company was completed.

Galway City Council's autumn horribilis continued at the weekend when it lost the controversial High Court case over its handling of the €6.3 million funding for the Eyre Square renovation.

A total of 48 jobs are to be lost at the North Westmeath Iralco plant, as the final phase of a rationalisation plan is implemented for the company.

Rumours around Carlow that well-known local car dealership Sheehy Motors of Green Lane had gone into receivership last week have been laughed off by staff at the showroom.

The temporary closure over the Christmas period of the Iralco car manufacturing plant is another sharp blow to its employees who have been “through the wars” since April this year, according to a trade union spokesperson.

News that Canadian telecommunications giant Nortel has filed for creditor protection has raised fears for the future of 300 jobs at the company’s Galway facility.

Hopes remain high that a buyer will be found for the Athlone Zavvi store, after a number of branches in the Republic of Ireland were purchased by rival chain HMV this week.

Almost 100 jobs look to be going at the Kilkenny-based forestry firm Denber Forestry Services, which has told its creditors that it plans to go into liquidation.

The decision to introduce a three-day week for Iralco workers was taken in order to prevent job losses, and is merely a temporary measure, according to a trade union spokesperson.

There was mixed news on the jobs front for Galway yesterday with the announcement of 45 lucrative new jobs at Boston Scientific being overshadowed by the news that 70 jobs are in doubt after top motor dealer Tom Hogan Motors went into voluntary liquidation.