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.
Some 315 jobs are to go when the electrical group Schneider closes its County Kildare factory in April 2004. The company says manual operations will be relocated to the Czech Republic, where operating costs are lower, and which is closer to the company's fastest-growing markets. Two hundred and sixty-five permanent jobs will be lost, as well as 50 temporary jobs. The workers will receive redundancy terms of six weeks pay per year of service inclusive of statutory redundancy entitlement of two weeks pay per year of service.
Eurofound (2003), Schneider, Offshoring/Delocalisation in Ireland, factsheet number 59857, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59857.