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.
Irish home appliance manufacturer Glen Dimplex announced that it will cut up to 300 positions worldwide over the next two years.
The layoffs will affect 100 jobs in the Republic of Ireland and 200 jobs in Northern Ireland. The redundancies are expected to start from August 2024 onwards. The conditions of the programme are negotiated with employee representatives according to local regulations.
By 2029, the company plans to restructure its operations in Ireland and Europe. Under the programme, Glen Dimplex will allocate €40 million for R&D, manufacturing, and a new sales and distribution centre. The company is to relocate some of its manufacturing business from Ireland to Lithuania and China.
The company operates in 20 countries and employs over 8,000 people globally. The recent restructuring event in Ireland has been recorded in the ERM events database Glen Dimplex-2024-IE.
Eurofound (2024), Glen Dimplex, Offshoring/Delocalisation in World, factsheet number 200861, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200861.