Castlemahon Food Products

Type
Internal restructuring
Country
Ireland
Region
Ireland; Southern;
Location of affected unit(s)
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.1 - Processing and preserving of meat and production of meat products
10.1 - Processing and preserving of meat and production of meat products
150 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/61150.