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 Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.92 - Manufacture of machinery for mining, quarrying and construction
170 jobs Number of planned job losses
Announcement Date
5 October 2016
Employment effect (start)
5 October 2016
Foreseen end date
30 June 2017
Description
Longford-based manufacturer Cameron Ireland is to close its plant by mid-2017, with the loss of 170 jobs. Cameron Ireland makes flow equipment for the oil and gas industry. About 50 of its staff in the research and development wing of the company are expected to be retained. However, the majority of its staff will lose their jobs if the decision to end manufacturing, assembly and testing activity goes ahead. The reason for the dismissals is attributed to the ongoing crisis in the oil and gas industry.
The company is now engaging with worker representatives during the obligatory consultation phase.
Sources
5 October 2016: The Irish Times
5 October 2016: Irish Examiner
Citation
Eurofound (2016), Cameron Ireland , Internal restructuring in Ireland, factsheet number 88804, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88804.
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