Type
Internal restructuring
Country
Ireland
Region
Border, Midland and Western; West; West
Location of affected unit(s)
Shannon (County Clare)
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

100 jobs
Number of planned job losses
Job loss
Announcement Date
19 January 2009
Employment effect (start)
Foreseen end date

Description

US-owned Molex, a manufacturer of fibreoptic connectors, has announced 100 redundancies at its plant in Shannon, County Clare. The company currently employs 450 at the Irish plant. Management has offered a redundancy package worth six weeks pay for each year of service with the company, inclusive of statutory entitlement. 

The parent company has engaged in a restructuring exercise in the US and in its overseas subsidiaries. The company has referred to a drop in demand and reduced profits. It is understood the remaining workforce at the County Clare plant will be requested to take a pay cut.


Sources

Citation

Eurofound (2009), Molex, Internal restructuring in Ireland, factsheet number 68307, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68307.