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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
New offshoring locations
Poland
150 jobs Number of planned job losses
Announcement Date
14 January 2004
Employment effect (start)
Foreseen end date
1 June 2004
Description
The 150 job losses at Phillips' plant in Dublin followed a decision to move back office operations to Poland. Phillips said lower costs in Poland were impossible to ignore and wages were half those in Ireland. The Dublin operation provided Phillips' consumer electronics division with various accounting supports. Staff have been offered redundancy payments of 8 weeks pay for each year of service, which is at the higher end of redundancy settlements in Ireland.
Sources
15 January 2004: The Irish Times
15 January 2004: The Irish Examiner
Citation
Eurofound (2004), Phillips, Offshoring/Delocalisation in Ireland, factsheet number 58851, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/58851.
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