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.
Paper manufacturer Smurfit Kappa is to make 140 people redundant out of its 173-strong workforce at its paper converting plant in County Cork. It was reported in the Irish Times that the decision is due to the major downturn in Irish manufacturing industry which has affected Smurfit Kappa's business because of a substantial reduction in volume. The redundancies are expected to come into effect after the end of negotiations with employees and their representatives, the company has stated. Thirty jobs are to be retained to serve local clients.
Eurofound (2009), Smurfit Kappa, Internal restructuring in Ireland, factsheet number 69189, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69189.