TAKUMI announces 60 new jobs – Gerry Reynolds and Donal Galligan at Takumi’s Limerick facility
Limerick company TAKUMI announces 60 new jobs under new strategy
By I Love Limerick Correspondent Tara Byrne
Limerick-based precision engineering firm, TAKUMI, has announced it will provide 60 new jobs over the next four years as it foresees a recovery from Covid in mid-2021.
The company, based in Raheen Business Park in Limerick, already employs 80 people and supplies highly regulated industries such as medical device, aerospace, semiconductor and pharmaceutical.
TAKUMI’s revenues dropped significantly during 2020 due to supply chain turbulence and disruption caused by the Covid-19 crisis, but the company foresees recovery from the middle of this year and a doubling of revenues, announcing a new management structure as it prepares for a positive and sustainable return to growth having braved the brunt of the covid-19 pandemic. The company is now focusing on rebuilding and securing resources to meet the needs of an ever-growing customer base.
Donal Galligan will be taking on the role of CEO under the new management structure, assimilating many of the responsibilities previously held by company founder Gerry Reynolds, who will take on a more strategic business development and stakeholder management role. Mr Galligan joined the business over 20 years ago after graduating from LIT with a Mechanical and Manufacturing Engineering degree.
— Takumi (@TakumiPrecision) August 1, 2019
Mr Reynolds, commenting on the changes to the company said, “The last year has been a particularly difficult one for our staff and their families, our customers and our business. But, thanks to government support and an amazing job from our team, we have weathered the storm and are now able to prepare to rebuild for the future. I am confident about our targets to double our revenues to €20m and add 60 new jobs in the next four years.”
He added, “Already, we have agreed that the company will continue its ongoing investment in plant and equipment to facilitate competition in the worldwide market. Even throughout 2020, in the midst of the Covid-19 pandemic, over €1 million was invested in new machinery to ensure we compete by utilising the latest technologies.”
The company has also added several new positions and made important strategic changes to its organisation and management structure. Many of these positions have been filled with graduates from Limerick third-level education.
For more stories about Takumi go HERE
For more information about Takumi go HERE