depends which Dell plant you're in really.
They've confirmed 450 job cuts in the Limerick plant, but the Irish economy is on the downturn. Growth is slowing, personal debt is extreme and most significantly wage inflation is pushing investment away. The lasty 8 months have seen multiple closures and cancellations of investments, and the Fianna Fail government have failed to bring in the same quality of jobs as the outgoing ones. Hopefully most of them will find something (Limerick has become a little bit of a tech campus), but I could see quite a few people losing out big on this one. To be fair, Dell will probably offer the standard redundancy, hopefully a bit more, and that could buy them some time.
I guess these things are inevitable periodically - let's just hope that there's no larger downturn coming.