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 Food And Beverage Manufacture Of Food Products 10.1 - Processing and preserving of meat and production of meat products
150 jobs Number of planned job losses
Announcement Date
22 February 2005
Employment effect (start)
Foreseen end date
Description
Castlemahon Food Products announced the loss of 150 jobs on 22 February 2005 as part of a restructuring programme designed to secure the future of the company. The announcement came just three weeks after it was revealed that Kantoher Food Products, which is just four miles from Castlemahon, is to close with the loss of 140 jobs.
The decision to cut the 410-strong workforce at Castlemahon Food Products to 260 is due to competition in the market and rising operating costs, according to the company.
Shocked staff criticised management for not informing them of the news, and said the first they heard about it was on the local radio news.
Sources
23 February 2005: The Irish Independent
Citation
Eurofound (2005), Castlemahon Food Products, Internal restructuring in Ireland, factsheet number 61150, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61150.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
