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.
SerCom Solutions, the supply chain management subsidiary of industrial holding group DCC, has announced the closure of its Dublin headquarters with the loss of up to 220 jobs.
SerCom, which has struggled for profitability in recent years, will transfer operations to its Limerick plant.
The company blamed the closure on the trend among its core customer base of technology companies to relocate their manufacturing operations to eastern Europe and Asia. It has also seen a sharp decline in demand for its printing services.
A number of staff will be offered the opportunity to relocate to SerCom's Limerick unit, although it is not yet clear precisely how many jobs will be available in Limerick.
Eurofound (2005), SerCom Solutions, Closure in Ireland, factsheet number 61058, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61058.