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.
Grove Turkeys is to cut all but 70 of its 200 workers over the next two to three months. The rationalisation programme will also affect 85 farmers on both sides of the Irish border who will be reduced to seasonal contracts with the company.
Grove said it was struggling against cheap imports and global trade liberalisation and the number of turkeys it has processed has declined from 3.2 million in the 1990s to 2 million now. Grove Turkeys also blamed high production costs, with an escalation in feed costs and the strength of the euro against sterling as contributing factors to the job reductions.
The company's managing director Tom O'Driscoll said they were able to compete at peak demand for turkeys, at Christmas and Easter, but struggled at other times to compete with low-cost imports.
Eurofound (2008), Grove Turkeys, Internal restructuring in Ireland, factsheet number 66260, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66260.
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