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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
150 jobs Number of planned job losses
Announcement Date
24 August 2007
Employment effect (start)
Foreseen end date
31 December 2008
Description
Analog Devices, an electronics manufacturer, is to make to 150 redundancies at its plant in Limerick. The redundancies follow a decision by the firm to phase out a facility at the plant that produced six-inch silicon wafers. Production is to be moved to a newer facility at the plant, capable of producing eight-inch wafers and a higher production yield. Analog Devices employ 1250 at the Limerick site, and the job losses will occur up until the end of 2008. Staff affected by the restructuring will receive a comprehensive redundancy package, medical benefits, enhanced pension rights for employees aged over 55, and support for those looking for new jobs.
Analog Devices is one of the longest-established high-tech multinationals in Ireland, having set up its Limerick base in the 1970s. The Limerick plant is the company's largest manufacturing base outside the U.S.
Sources
24 August 2007: The Irish Times
24 August 2007: The Irish Independent
Citation
Eurofound (2007), Analog Devices, Internal restructuring in Ireland, factsheet number 65725, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65725.
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