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.
The 150 job losses at Phillips' plant in Dublin followed a decision to move back office operations to Poland. Phillips said lower costs in Poland were impossible to ignore and wages were half those in Ireland. The Dublin operation provided Phillips' consumer electronics division with various accounting supports. Staff have been offered redundancy payments of 8 weeks pay for each year of service, which is at the higher end of redundancy settlements in Ireland.
Eurofound (2004), Phillips, Offshoring/Delocalisation in Ireland, factsheet number 58851, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/58851.