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, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18.11 - Printing of newspapers
163 jobs Number of planned job losses
Announcement Date
23 June 2005
Employment effect (start)
Foreseen end date
31 July 2005
Description
The printing operation of the Sunday World has announced it will close at the end of July 2005 with the loss of 163 jobs. Terenure Printers blamed the loss of several key printing contracts and growing competition from more modern printing plants around Ireland for the decision. Terenure Printers, which employs 115 permanent and 48 casual staff, has offered six weeks redundancy pay for each year of service, inclusive of statutory entitlements. Staff will receive a minimum of one year's pay with no upper limit. Some of the staff have been with the company for more than 30 years.
Sources
23 June 2005: The Irish Times
Citation
Eurofound (2005), Terenure Printers, Closure in Ireland, factsheet number 61815, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61815.
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