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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.09 - Other information technology and computer service activities
New offshoring locations
Not Available
150 jobs Number of planned job losses
Announcement Date
26 November 2009
Employment effect (start)
Foreseen end date
Description
Option Wireless, a Cork based wireless technology company, has announced 150 job losses. The plant is the company's main customisation, logistics and fulfilment site and has been responsible for adding value to the basic product by customising it with firmware and software. The Belgian parent has confirmed that the restructuring of its Cork operation is intended to achieve savings of €20 million - with the activities conducted in Cork to be transferred to lower-cost regions in Asia.
Sources
27 November 2009: The Irish Times
Citation
Eurofound (2009), Option Wireless, Offshoring/Delocalisation in Ireland, factsheet number 69920, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69920.
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