Type
Closure
Country
Ireland
Region
Southern and Eastern; South-West (IRL);
Location of affected unit(s)
Mallow
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10.81 - Manufacture of sugar

320 jobs
Number of planned job losses
Job loss
Announcement Date
15 March 2006
Employment effect (start)
Foreseen end date
31 May 2006

Description

The closure of the Mallow sugar beet factory in Co Cork will result in the loss of 320 full and part-time jobs and the end of a 155-year-old sugar industry. Greencore, which has owned Irish Sugar since it was privatised in the early 1990s, said the last remaining sugar processing plant in Ireland would close in May and would not be processing sugar in this or any subsequent year.

"The decision of the EU Council of Ministers on November 24th, 2005, effectively spelled the end of sugar beet-growing and processing in Ireland," Greencore announced in a statement.

Greencore said that its board had taken independent legal, economic and financial advice and had determined that the group was entitled to 90 per cent, or €131 million, of the EU restructuring compensation, with the remaining €15 million being reserved for growers and machinery manufacturers.


Sources

  • 20 March 2016: The Irish Times

Citation

Eurofound (2006), Irish Sugar, Closure in Ireland, factsheet number 63139, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63139.