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Tag Archives: business

Women leading the way in business

Local Enterprise office Clare held the first of a series of women in business networking events on Tuesday. Special guest Maria Kelly, spoke to a large group of focused and successful business women.The network, which has grown in numbers over the last number of years, is testimony to the fact that female specific supports have been successful in increasing the number of female entreprenuers in Ireland. The Leo Clare women in business network has a diverse range of female entrepeneurs across varying sectors including; hospitality, retail, manufacturing, craft, food, tourism and new comers at early stage start up. The network welcomed back loyal members and greeted new members to the group. Collectively the business that were in attendance at this event employ in excess of over 450 people collectively, and this figure continues to grow. The presentation highlighted the importance of developing a business growth strategy. “Most small business owners are too busy or are too close to their business to …

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Reagecon bringing new jobs to Shannon

SHANNON based company Reagecon has announced its intention to create 40 new jobs in the next 12-24 months. It has also targeted annual export revenues of €50 million by 2020. Founded in Shannon 25 years ago it manufactures and exports physical and chemical standards and reagents for laboratories worldwide. The products are developed and manufactured in Shannon and sold through distributors in 150 countries and directly to end users in Ireland and China through Reagecon’s sales offices in Shannon, Co. Clare, Ireland, and Shanghai, China. John Barron, Managing Director and Chairman of Reagecon said that the new jobs form part of “an ambitious programme of scaling”. He confirmed that all of the 40 new jobs, 15 of which have recently been filled, are high value Chemist positions.  The company presently operates from a 64,000 square foot facility in Shannon and employs 86 people, over half of which are scientists. “Since the beginning of 2011, we have developed a major pipeline …

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Question mark over Knights’ future

THERE is a doubt about the future of Shannon Knights, according to accounts filed during the summer, which show accumulated losses of almost €1.75 million. Established in 1972, Shannon Knights has always been family run and has been one of the most prominent social centres in Shannon for decades. A little over five years ago, there was a multi-million euro revamp and in advance of its reopening in 2010, management spoke of expanding their clientele to Limerick and Ennis but economic conditions since then have proven difficult. The accounts, which were prepared by Curtin O’Friel & Co Chartered Certified Accountants and deal with the year up to the end of August of last year, state that the company had accumulated losses of €1,745,549. They state, “These conditions, along with the other matters explained in note 1 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt on the company’s ability to continue as a …

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Shannon airport

Redundancies sought at Shannon

DESPITE Shannon Airport’s much vaunted recovery, Shannon Group is about to seek redundancies from staff, with talks between management and unions set to begin next week. Shannon Group is a commercial semi state, with Shannon Airport as its core and also encompassing Shannon Commercial Enterprises (formerly Shannon Development)Shannon Castle Banquets and Heritage Limited (formerly Shannon Heritage) along with the International Aviation Services Centre. In a statement to the Clare Champion on Wednesday evening Shannon Group claimed that the redundancies are required to help its competitive position. “The necessity to address the cost base of the Shannon Group business units has been known for some time. In recent times it has been referenced in the Shannon task force report and subsequent annual reports. We are exploring options to address this including a voluntary severance scheme. This will make for a more sustainable business model going forward.” No details of what terms will be offered to staff looking to depart have been …

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BREAKING: US and Heathrow sweeteners for Shannon in IAG deal

WITH the Government this evening announcing the sale of the State’s stake in Aer Lingus, a Fine Gael source this evening told the Clare Champion that Shannon-US services will be enhanced as a result of the transaction. It is understood that British Airways (which is owned by IAG) will continue to use Shannon’s US  Customs and Border Protection pre-clearance facilities, and in the future it may actually pick up passengers at Shannon, effectively extending the range of US services from Shannon, something that would be welcomed by local business interests. While IAG CEO Willie Walsh had previously ruled out increasing a five year commitment to maintaining Shannon-Heathrow connectivity, this will be increased to seven years. It is understood the assurances have calmed at least some political nerves in Clare, but the issue is still set to provoke local and national debate in the coming days. The chairman of Shannon Group plc, Rose Hynes, has  welcomed the proposed IAG takeover of …

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Clare ‘doing business’ at Meitheal workshop

Over 500 Irish trade, including tourism businesses from Clare, recently attended Meitheal, Ireland’s largest travel trade fair, organised by Fáilte Ireland, in the RDS Dublin. This event is a central date in the tourism industry calendar, allowing the Irish tourism industry to actively grow its business in countries from around the world – with delegates from as far afield as Australia, Austria, Belgium, Canada, Denmark, Finland, Italy, Netherlands, Spain, Sweden and Switzerland. Meitheal provides a valuable opportunity to forge even stronger commercial relations between local tourism providers and the international travel trade. With interest in visiting Ireland growing, our appeal remains strong and we now offer better value than for many years. Thanking the Clare tourism trade for attending Meitheal, Fáilte Ireland CEO Shaun Quinn commented, “Tourism is in robust health and we expect growth to continue this year. However, we are not complacent and the face to face meetings that took place with the Clare trade who attended Meitheal, …

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Walsh offers five-year Heathrow guarantee for Shannon

SHANNON and Cork can have guarantees of Heathrow connectivity for five years if IAG buys the State’s share in Aer Lingus, its CEO Willie Walsh pledged at today’s meeting of the Oireachtas Joint Committee on Transport and Communications. Clare political figures have expressed concern about the possibility of Shannon losing its vital connectivity to Heathrow in the event of a takeover, but Mr Walsh insisted that the guarantee he is offering is far better than what the airport actually has already. He also claimed that while the concern is at one level understandable, it is actually misplaced, given that the route is profitable. Indeed, he went so far as to say that the current Aer Lingus management could not match the IAG guarantee without drawing the ire of some of the shareholders. While he said IAG is happy to give the guarantees and that there is no reason to pull away from what is a profitable route, he stressed that he will not give …

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Dooley clashes with Shannon Airport strategy director

THE current Aer Lingus ownership structure gives no guarantees on the provision of Shannon-Heathrow services, group strategy director of Shannon Group, Patrick Edmond said at the Oireachtas Joint Committee on Transport and Communication. Various political interests have called for the State’s shareholding in Aer Lingus to be retained, claiming it ensures connectivity for the Clare airport. However, Mr Edmond said that is not the case, pointing out that in 2007, Aer Lingus management, under the same ownership structure as exists now, transferred all of the Heathrow slots serving Shannon to Belfast. While Clare TD Timmy Dooley challenged him, Mr Edmond stood firm on his observations. In his first contribution to the sitting, Mr Edmond said that if the Government does opt to dispose of its 25% holding, it should make sure it gets some guarantees around connectivity. “We would, therefore, expect that any Government decision to sell the State’s Aer Lingus stake to IAG would be conditional on an enforceable …

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