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.
Construction Construction Of Buildings And Infrastructure Engineering Civil Engineering 42 - Civil engineering
100 jobs Number of planned job losses
Announcement Date
11 November 2007
Employment effect (start)
Foreseen end date
Description
South Midland Construction, an Irish civil engineering company, collapsed with significant debts and the loss of 100 jobs. The company went into liquidation on 9 November 2007 and was subsequently put up for sale. The firm had been in business for more than 40 years and had annual revenues of more than €70 million.
At the time of the announcement, SMC was building a gas pipeline between Castlebar and Westport for Bord Gáis, but that work was then put on hold.
Sources
12 November 2007: RTE news
23 December 2007: The Post.ie
Citation
Eurofound (2007), South Midland Construction (SMC), Closure in Ireland, factsheet number 66011, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66011.
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