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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
178 jobs Number of planned job losses
Announcement Date
30 July 2004
Employment effect (start)
Foreseen end date
31 October 2004
Description
Limerick-based firm, IMAG Optical Storage, is to close with the loss of all 178 jobs. IMAG Optical Storage, in Raheen Business Park, which makes recordable and rewritable CDs, is to shed its entire workforce by the end of October. The jobs will be phased out in two stages, with the first wave of redundancies at the end of August. The remainder of the workforce will be made redundant in October when the company will cease operations. IMAG, which has been based in Limerick since 1997, was taken over by a Taiwanese firm, CMC, in 2001.
Sources
31 July 2004: The Irish Times
Citation
Eurofound (2004), IMAG Optical Storage, Closure in Ireland, factsheet number 60491, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60491.
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