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.
Up to 250 workers will lose their jobs following the announcement by US technology Group Quantum that it is to close its plant in Dundalk, Co. Louth. Staff have been told that the operations are likely to be outsourced to eastern Europe. The company makes digital tape drives in Dundalk, which are used to store information on computer files. In a statement, the company said, 'The decision to outsource our operations in Dundalk will result in the closure of the facility, which will occur in phases and be completed in the second-half of calendar year 2006'. 'Quantum must make every effort to operate as cost-effectively as possible in the highly compettive storage industry'.
Eurofound (2005), Quantum, Offshoring/Delocalisation in Ireland, factsheet number 62142, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62142.