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.
Swiss food multinational Nestlé is to close its Wyeth Nutrition infant formula manufacturing plant and research and development centre in Limerick over the next two and a half years, leading to the loss of 542 jobs.
Nestlé blamed falling demand for imported infant formula in China for the closure of the plant. A total of 491 people working at the plant and a further 51 employed at the R&D facility are to be made redundant. All manufacturing operations will cease by early 2026, while the R&D centre will already close in early 2025.
The company is consulting employees and unions regarding a redundancy package.
Eurofound (2023), Wyeth Nutrition , Closure in Ireland, factsheet number 200491, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200491.