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
140 jobs Number of planned job losses
Announcement Date
21 June 2008
Employment effect (start)
Foreseen end date
Description
Elenco Enginnering, a Dublin engineering firm servicing the construction industry, has gone into liquidation with multi-million euro debts and the loss of 140 jobs, as the downturn in the construction sector in Ireland continues. Elenco Engineering has been trading since 1971 and has worked on major construction projects. The firm experienced a dramatic decline in business in recent times, contributing to serious cash flow difficulties.
Sources
22 June 2008: The Sunday Business Post
Citation
Eurofound (2008), Elenco Engineering, Internal restructuring in Ireland, factsheet number 66765, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66765.
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