The loss of ninety three jobs in Tipperary town will have a devastating impact on business and comes as a huge blow to the economy of the town.
This week the Chamber of Commerce called on Pall to consider handing over the building they have occupied in the town since 1997 to the town just as Tambrands did when that company closed before Palls arrival in the town.
Local business people said the town would find it hard to cope with the loss of so many good jobs.
Butcher Jim O'Malley told The Nationalist on Thursday morning when the news broke that the loss of weekly income would have a huge impact on families of the workforce and a knock on effect on business all over town.
"It means the ninety three pay packets are gone out of the town,A lot of those who lost their jobs would come in here to buy their meat every week and they would also spend their wages in businesses all over the town.Its a huge blow to everybody," said Jim.
"Its going to have a devastating effect on families.I know families that had two wages coming out of Pall every week, its going to be very hard on all those who are now at the loss of that income," said Jim
The Tipp business man said that with so little employment in the town the loss of any employer was a massive shock to everybody.
"I just hope there will be huge pressure now put on politicians to find a replacement industry.The Co-op is now our biggest employer and no town can afford to lose such good well paid jobs, a replacement has to be found," insisted Jim.
His son David said a lot of his friends worked in Pall and nobody had any idea closure was coming.
"It came as a huge shock to everybody in the town.Its a massive shock to the ninety three people who were taking a weekly wage out of it.there is nothing else around here, a lot of them might have to consider leaving the town," said David.
"The people working up there thought they were in a secure job,they all enjoyed working up there, they were good employers and Pall were good for the town," said David.
He felt the workers would find it almost impossible to get any employment in the Tipperary area because "there is nothing around here, especially in this climate,"
Tim Ryan of TIRD/Chamber of Commerce expressed the absolute dismay felt in Tipperary at this latest in a long series of blows to hit an already economically disadvantaged town.He said the blow was particularly hard to take as Pall Corporation announced in January that its board of directors increased the company's quarterly cash dividend to 17 cents per share, up from 16 cents per share in the previous quarter. This marks the seventh consecutive year that the company has raised its dividend. The dividend is payable on February 23, 2011 to shareholders of record as of February 8, 2011.
He quoted Pall Chairman,CEO and President Eric Kransoff - "In the five years ended fiscal 2010, the company has returned over $800 million of cash to shareholders in dividends and share repurchases. This latest dividend increase reflects Pall's confidence in our strategic plan, including cash flow generation,"
Tim Ryan said that this week Pall Ireland general manager David O'Driscoll said they were using "a fraction" of the available capacity of the Tipperary plant and this was hitting costs." The TIRD/Chamber of Commerce President says that this type of profit protection leaves a sour taste in the mouth locally. "Looking ahead though, we have to examine what can be done. This could be timely as there is an election looming and now is the time for all election candidates - the people we are voting for to represent our interests- to state specifically what direct actions they would propose to counter this devastating blow. We don't want to hear stock partyline answers - nothing less than immediate, effective direct action will be tolerated by the people of Tipperary. Gone are the days of simply lobbying the IDA and Enterprise Ireland to keep us in mind - that has been tried for years to no effect," he said.
He called for radical and constructive thinking and said the people in power were the ones who can create change.
"We will now have four major facilities lying empty in Tipperary. That is unacceptable. And what about Pall Corporation? They say that they want to assist and support everyone affected by this announcement- well we say that the entire town is affected so why not give the premises to the townspeople. We will use it to create employment. We will set up an action group to examine how it can be best used. Many years ago when Tambrands left Tipperary they donated a substantial building to the Town. Are Pall Corporation prepared to do likewise particularly in view of the fact that the property market is so depressed and they cannot hope to achieve a good price?" asked Tim Ryan.
As people went about their business around the town on Thursday morning the news of the closure was beginning to filter through.
Danny O'Dwyer said he had not heard the news and said that the loss of so many jobs in a town the size of Tipperary was a sorry day for the town.
"Its awful,ninety three jobs are very hard to come by.Its going to have a knock on effect for every business in this town," he said.
Dany "there are a lot of unemployed already in Tipperary town and now this is going to make it every worse.All the young people are trying to leave, heading off to Australia, there are no jobs for them here