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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13 - Manufacture of textiles
300 jobs Number of planned job losses
Announcement Date
29 July 2004
Employment effect (start)
Foreseen end date
31 October 2004
Description
An unexpectedly sharp rise in cheaper yarn imports from lower cost economies, combined with rising costs in Ireland, have been cited as the chief reasons for an American firm's decision to cease operations in Donegal with the loss of nearly 300 jobs. Unifi Textured Yarns (Europe), which manufactures polyester yarn, is due to wind up its operations in Letterkenny in October. Unifi will continue to supply the European market with yarn produced in the United States and through Unifi Asia.
Sources
30 July 2004: The Irish Times
Citation
Eurofound (2004), Unifi Textured Yarns (Europe), Closure in Ireland, factsheet number 60490, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60490.
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