Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
National Pen, the multinational promotional products manufacturer, with European headquarters in Ireland, is going to reduce its workforce at its plant in Dundalk by up to 176 roles, as a result of the impact of the COVID-19 crisis. The company said that because of regional lockdowns, the demand of its our core customer base of SMEs has reduced, therefore it has to realign its operations accordingly. The job cuts will affect mainly the company's contact centre. The Japanese contact-centre operations will be moved to a facility in Japan.
The trade union SIPTU has been seeking union recognition at the site and is now demanding that the company engage in talks with it over the proposed job reductions. Minister for Business, Heather Humphreys, confirmed that IDA Ireland is "working closely" with National Pen regarding its difficulties. National Pen received €1,5 million in funding from IDA Ireland between 2015 and 2019.
National Pen is a multinational company mainly operating in the United States, Europe and Canada.
Eurofound (2020), National Pen, Internal restructuring in Ireland, factsheet number 100717, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100717.