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.
Seventy-five workers at the Procter and Gamble pharmaceutical manufacturing plant in Nenagh, Co Tipperary, Ireland, have been informed on 23 February 2006, of a decision to terminate their jobs. Senior management with the multinational cosmetic company informed workers that a total of 15 short-term, temporary staff would be let go, together with 60 long-term, temporary staff. Management confirmed that the company was undertaking a sourcing study at the plant. A company spokesperson stated, 'The loss of the jobs and the sourcing study are not linked in any way and the reduction in job numbers can be attributed to seasonal variations,'. Procter and Gamble has been in Nenagh for more than 25 years and is the largest employer in the town. The plant chiefly manufactures products for the Max Factor and Cover Girl make-up ranges, and also produces Oil of Olay and shower gel for the Hugo Boss and Laura Biagotti range. In 1999, the company consolidated its production at its Nenagh plant and closed its plant in Wakefield, Yorkshire, England, with the loss of 380 jobs.The rationalisation programme led to the creation of 200 new jobs at Nenagh and the influx of a number of workers from Wakefield to Nenagh. The news of a sourcing study at the Nenagh plant has raised workers' concerns for the fate of some 500 other jobs at the plant.
Eurofound (2006), Procter & Gamble, Internal restructuring in Ireland, factsheet number 63071, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63071.
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