Restructuring events
European Restructuring Monitor (ERM)
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.
Approximately 150 workers have been told that they are to lose their jobs at American multinational food ingredients firm, ADM, based in County Cork. ADM makes citric acid for the soft drinks and food industry. The ADM managing director said the decision to cease manufacturing was due to intense competition in world citric acid markets in recent years. The company was facing intense competition from lower cost citric acid producers in China.
Eurofound (2005), ADM, Closure in Ireland, factsheet number 62239, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62239.