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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Cultural And Recreation Goods In Specialised Stores 47.6 - Retail sale of cultural and recreation goods in specialised stores
100 jobs Number of planned job losses
Announcement Date
19 October 2007
Employment effect (start)
Foreseen end date
31 October 2008
Description
Eason, the Irish distributor of newspapers and magazines, is to shut its Cork-based newspaper and magazine subsidiary News Brothers with the loss of 100 jobs. The site will close by the end of 2008, and the decision to close the site follows a review by Eason of its entire newspaper and magazine distribution operation. Some of the functions at the Cork site are to be relocated to Dublin, but as of October 2007 it is uncertain as to how many of the jobs will be relocated. Eason is one of Ireland's biggest distributors of newspapers and magazines. It is also a major retailer of books in Ireland. The group generated sales of 451 million EUR in Ireland in 2006.
Sources
20 October 2007: The Irish Times
Citation
Eurofound (2007), New Brothers, Closure in Ireland, factsheet number 65947, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65947.
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