Employment in the Irish construction sector has dropped by almost a fifth in the last 12 months, the Central Statistics Office has revealed.

The latest figures show a dramatic cut in workers during the summer, with employment levels slumping by 17.9% by the end of August.

The total annual fall in building jobs between July 2007 and July 2008 reached 16%.

Around 1,000 construction firms, who employ more than five people, contributed to the study.

The CSO has identified a steady stream of jobs losses in the sector since April last year.

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Meanwhile, 320 jobs have been slashed at an electronics factory in Cork.

Earlier today Tyco Sensormatic announced plans to cease operations at its manufacturing site over the next 12 months.

The firm is expected to save a mere 20 posts in its restructuring plan.

Management said despite a 'great effort' by Cork staff to cut operating costs, it was necessary to move manufacturing operations from Bishopstown to remain competitive in the global market.

Don Lyman, of Tyco Safety Products, said: "We understand the impact this plan would have on affected employees and their families, and we are committed to following the employee consultation process and providing outplacement services that will lessen the disruption and make for a smooth transition."

The multinational firm, which makes anti-theft devices for stores and stock control systems, will move production to a cheaper base.

(PR/JM)