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.
Dublin-based biscuit-maker Jacob Fruitfield is to close its manufacturing facility with the loss of 220 jobs. The redundancies will take place on a phased basis from September 2008 through to March 2009. Jacob Fruitfield said a fund of more than €10 million has been committed to provide financial support for workers. “This support will include generous redundancy terms and support for retraining and identifying new jobs,” the company said.
The plant in Dublin opened in the early 1970s and manufactures a range of biscuits, including Fig Rolls and Kimberley and Mikado. Jacob Fruitfield chief executive Michael Carey said the factory was “significantly oversized for its output”. He said the plant had a capacity to produce 60,000 tonnes of biscuits annually but output was just 10,000 tonnes a year. “Unfortunately, it's a decision we had to take,” Mr Carey said. “The brands will continue and we will continue to be involved in a range of manufacturing companies in Ireland.” The company will continue to employ 120 staff in Ireland after the closure, including 50 in manufacturing. It has a sauces and jam factory in Drogheda, a wafer-making plant in Donegal, and a biscuit facility in Cork.
Eurofound (2008), Jacob Fruitfield, Closure in Ireland, factsheet number 66236, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66236.
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