Internal restructuring
Southern and Eastern; Mid-West;
Location of affected unit(s)
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Other Non-Metallic Mineral Products
23 - Manufacture of other non-metallic mineral products

150 jobs
Number of planned job losses
Job loss
Announcement Date
2 December 2008
Employment effect (start)
Foreseen end date
31 December 2008


One of the more established industries to announce job losses has been Element Six (formerly De Beers Industrial Diamonds) in Shannon. A total of 150 job losses are expected before Christmas. The company supplies industrial diamonds to those in the construction, automotive, engineering and oil/gas industries – all of which have been hit in the current global downturn.

The 150 job cuts represent a quarter of the workforce. It is understood that in negotiations on severance with union representatives, the company has initially offered the same severance terms that were applied to 75 redundancies two years ago. This provided for six weeks’ pay per year of service, plus statutory, with a cap of 2.5 years’ earnings on the six weeks element.


  • 3 December 2008: The Irish Times


Eurofound (2008), Element Six, Internal restructuring in Ireland, factsheet number 67620, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67620.