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.
US medical devices multinational Stryker has announced 142 redundancies at its Cork plant. In a statement, the manufacturer of orthopaedic implants and instruments said the company's two manufacturing facilities in Cork are to be consolidated into a single facility over the next four years.
The manufacturing of certain products in Cork will be relocated to Stryker facilities outside of Ireland. However, the company added that they expect to create approximately 60 new jobs over the next four years in the development of the company's endoscopy division. It hopes that some of the current staff will re-skill and transfer to these new posts.
Stryker has three manufacturing facilities in Ireland, two employing at total of 700 people at Carrigtwohill in Co Cork, and one in Limerick employing 500 people.
Eurofound (2011), Stryker, Internal restructuring in Ireland, factsheet number 72028, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72028.
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