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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.2 - Support activities for transportation
120 jobs Number of planned job losses
Announcement Date
27 August 2008
Employment effect (start)
Foreseen end date
30 August 2008
Description
About 120 staff employed by Westlink Bridge Ltd at the M50 West-Link toll bridge have lost their jobs due to the fact that a barrier-free system came into operation on Saturday, August 30. The 120 staff say they have reluctantly accepted a compensation package from parent company National Toll Roads (NTR). The redundancy package is high, amounting to 10 weeks pay for each year of service. The plans for barrier free tolling were drawn up after the Irish Government bought the toll bridge from the National Roads Authority in 2007.
Sources
28 August 2008: The Irish Independent
Citation
Eurofound (2008), Westlink Bridge Ltd, Internal restructuring in Ireland, factsheet number 67016, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67016.
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