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 - Other manufacturing
240 jobs Number of planned job losses
Announcement Date
20 August 2008
Employment effect (start)
Foreseen end date
31 August 2009
Description
Multinational medical devices company, Boston Scientific, has announced that it is to close its Tullamore plant in the Irish midlands with the loss of 240 jobs. The American owned company employs approximately 5,000 people across Ireland. The Tullamore plant is to close after Avista Capital Partners acquired its fluid management business earlier in 2008. Avista has decided to transfer the manufacture of products to its plant in New York. Remaining products currently being manufactured in the Tullamore plant are to be made at a plant in Cork by 2009.
Sources
21 August 2008: The Irish Times
21 August 2008: The Irish Independent
Citation
Eurofound (2008), Boston Scientific, Closure in Ireland, factsheet number 66977, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66977.
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