Restructuring events
European Restructuring Monitor (ERM)
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.
The 130 job losses at Refond were caused by a fire which destroyed the textile plant. Managment told workers they had no future with the company, as the plant will not be re-opening or re-locating.
There was also a fire at former rugs factory Peerless Rugs, which closed in July 2001 with the loss of 65 jobs, and production was transferred to the Refond plant in Cork.
Eurofound (2003), Refond, Closure in Ireland, factsheet number 60092, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60092.