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 Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32.4 - Manufacture of games and toys
140 jobs Number of planned job losses
Announcement Date
15 November 2006
Employment effect (start)
Foreseen end date
Description
Toy manufacturer Hasbro is to lay off 140 staff at its Waterford plant. The US company which makes well-known brands such as Play-Doh, My Little Pony, Monopoly, Scrabble has been in Waterford since 1977. It blamed the cut backs on rising costs and increased competition from China.
The company said it hoped to preserve the 300 remaining permanent jobs through a restructuring programme. Hasbro Ireland managing director Pat Gilhooly said: "The decision to consider redundancies, as part of an overall restructuring package, is unavoidable following a decline in the plant's overall workload."
Sources
16 November 2006: The Irish Times
Citation
Eurofound (2006), Hasbro, Internal restructuring in Ireland, factsheet number 64489, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64489.
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