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.
Kostal, a German car parts maker, announced 140 job cuts at its manufacturing site in Abbeyfeale, Co Limerick, as part of a restructuring of its Irish operation. The layoffs will affect the Abbeyfeale site only, while production in Mallow (Co Cork) will remain unaffected. The redundancy process is already underway, with a consultation phase to begin immediately.
The restructuring is driven by a decision to move the production of its On Board Charger (OBC) products out of Ireland, a shift that prompted the company to reduce headcount at the Abbeyfeale plant.
SIPTU, the Irish trade union, has reacted to the announcement, expressing shock and anger at the scale of the redundancies. The union will fully engage in the redundancy consultation process and seek the best possible outcome for its members.
Eurofound (2026), Kostal, Offshoring/delocalisation in Ireland, factsheet number 204251, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204251.
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