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.
Dairygold told its 115 staff at the factory at its Felinfach cheese packing plan, near Lampeter, that it will shut by mid-April 2006 with the loss of all of the jobs. The plant, on the Aeron Valley industrial park, will switch its packaging to a plant in Staffordshire. The Irish-owned company, which set up in Felinfach with a £1.2 million grant of public money in 2001, blamed the 'harsh realities of the marketplace'. Donal McCarthy, head of the company's consumer foods division, said the plant was 'no longer viable' in an industry with 'significant over-capacity'.
Ceredigion MP Mark Williams said one hundred and fifteen job losses in Felinfach will have a huge impact on a rural area such as the Aeron valley. It's a huge personal setback for those involved, and a major social and economic setback for the region.
Eurofound (2006), Dairygold, Closure in United Kingdom, factsheet number 62924, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62924.
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