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 Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.42 - Manufacture of perfumes and toilet preparations
200 jobs Number of planned job losses
Announcement Date
14 March 2017
Employment effect (start)
Foreseen end date
31 December 2018
Description
Beauty products manufacturer Coty is to close its plant in Nenagh, Co Tipperary by the end of 2018, with the loss of 200 jobs. The plant closure is based on the decision to consolidate the company's production line at its plants in the UK and USA. There are no immediate job losses, but the plant is expected to be closed by the end of 2018 and redundancies will take place gradually. Staff representatives said they were seeking redundancy terms at Coty that were previously agreed at Procter & Gamble (P&G) of six weeks’ pay per year of service plus two weeks’ statutory entitlement. Coty merged with P&G in 2016.
Sources
14 March 2017: RTE
15 March 2017: Irish Examiner
Citation
Eurofound (2017), Coty, Relocation in Ireland, factsheet number 90530, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90530.
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