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Socialist Republic1981Economy, the EEC and EuropeNo public scan is online for this item; the text below was read from a privately held copy.
Machine-read text, not corrected. Cut from the scan by machine, by the size of the headline type. Where columns were set close together, lines of a neighbouring article can run in, and a headline can be missed so that two articles share a page. For anything you quote, read the scan.
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in the European Community 590 new jobs were created on the Shannon Industrial Estate over the last 12 months. Inthe same period, 518jobs werelost. The latest Multinational to depart was Premier Pacific, asit was then known, wassetupin1973 bya 'fly by night merchant!, John Harrington, on foot of a£&40, 000 SFADCo* grant. 30 workers were employed making motor cycle helmets but by 1975 he had taken anight-Tiight out of town Phil Reed, a former world motor cycling champion, then took over. According tothe workers, he knewnothing about runninga factory andal ways made époint of wearing aUnion Jack emblem onthe rare occasions he dropped IDA Ireland & INDUSTRIAL DEVELOPMENT AUTHORITY In 1977, Premier Pacific went into receivership andlater res-— umed production as Premier Helmets withareduced workforce of ten. InMarch'81, eight years of SFADCo handouts and criminal mismanagement came to anend. SFADCo is looking for an alternative industry for the factory. Perhaps, considering the state of the international Capitalist economy, bicycle helmets might prove a goodline.
Applications to- SFADCo, Shannon Town Centre, Co. Clare. No experience required -— just the ability toride abike.
* Shannon Free Airport Dev elorement Company
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