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.
It is understood that the job losses in the company's Cork plant are the result of the plant losing a major contract to a sister plant in the Far East, which could produce at a lower cost. Ninety of the proposed job losses will affect permanent contracts, with the remainder affecting temporary positions. The company headquarters are in Singapore. The redundancy terms offered are five weeks pay per year of service inclusive of statutory entitlement.
Eurofound (2003), Flextronics, Internal restructuring in Ireland, factsheet number 58947, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/58947.