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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
120 jobs Number of planned job losses
Announcement Date
13 February 2004
Employment effect (start)
1 February 2004
Foreseen end date
1 March 2004
Description
CG services has gone into voluntary liquidation. It operated electrical contracting services and process instrumentation for manufacturing firms. The company attributed the closure to the global downturn and increased competition. The union at the plant, the Technical Engineering and Electrical Union (TEEU) suggested that all the workers are highly skilled.
Sources
19 February 2004: The Irish Times
19 February 2004: The Irish Examiner
Citation
Eurofound (2004), CG Services, Closure in Ireland, factsheet number 58910, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/58910.
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