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.
Electronics firm Creative Labs has announced that it is outsourcing some operations at its plant at Ballycoolin Industrial Estate in Blanchardstown, Dublin, to lower-cost locations overseas. The jobs will be shed by the end of January 2007, following a global review of the company's operations. In December, the company closed its assembly-line operation, which made digital musical players. It is to be outsourced with the loss of 90 jobs. The company said a further 140 jobs would be outsourced, including the manufacturing and logistics functions at its European headquarters. However, the Singapore-based company said that its European headquarters, which employs about 200 people, will remain in Dublin.
Eurofound (2006), Creative Labs, Offshoring/Delocalisation in Ireland, factsheet number 64716, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64716.