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.
Supply chain management specialist SerCom Solutions has announced that it is to cut 120 jobs at its facility in Co Limerick. The job losses follow a decision by the company, a subsidiary of business support services group DCC, to discontinue the production and assembly of LCD screens used in laptop computers from May 2nd. SerCom said it was dealing with lower volumes in this field of business and the lay-offs come as a result of “changing customer requirements”.
SerCom is engaging in a 30-day consultation period with its employees, following which, the final redundancy outcome will be confirmed. The company also confirmed last night that an outplacement programme to support all employees being made redundant would be put in place at a later date. Founded in 1978, SerCom currently employs 312 full-time staff in Dublin, Limerick, Poland, China and the US. As of February 2008, there is no information on the number employed at the facility in Limerick.
Eurofound (2008), SerCom Solutions, Internal restructuring in Ireland, factsheet number 66324, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66324.
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