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.
Manufacturing (24 - 25) Manufacture of metals 25 - Manufacture of fabricated metal products, except machinery and equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
117 jobs Number of planned job losses
Announcement Date
23 July 2003
Employment effect (start)
Foreseen end date
Description
Diamond Engineering produced storage vessels for the pharmaceutical sector. Management blamed unsustainable cost increases for the closure. The closure will affect 117 workers.
Sources
24 July 2003: The Irish Times
24 July 2003: The Irish Independent
Citation
Eurofound (2003), Diamond Engineering, Closure in Ireland, factsheet number 59695, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59695.