Tommy Broughan (Dublin North East, Labour)
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Question 57: To ask the Minister for Enterprise, Trade and Innovation if he will report on his meeting on 18 May 2010 with executives of a company (details supplied) regarding the future of jobs here; if he received assurances regarding the security of the jobs; and if he will make a statement on the matter. [24336/10]

Batt O'Keeffe (Cork North West, Fianna Fail)
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I am pleased to report that the outcome of the meeting was extremely positive. The takeover company has committed to investments already planned by the acquired company and this investment programme will be implemented over the next two years. Agreements have been reached with all key employee groups at locations in Dublin and Kerry regarding a redundancy programme which will reduce the workforce by approximately 200. This redundancy programme was announced by the company in June 2009, seven months prior to its acquisition.

The Government and Enterprise Ireland have communicated to the takeover company that they are anxious to work in partnership with it to explore and capitalise on strategic opportunities that can be delivered so that growth ambitions are maximised. Enterprise Ireland will continue the process of engaging with the takeover company in relation to building research and innovation capability, improving competitiveness and strengthening manufacturing operations.