Type
Internal restructuring
Country
Ireland
Region
Border, Midland and Western; Midland; Midland
Location of affected unit(s)
Offaly
Sector
Manufacturing
Manufacturing Of Furniture And Other Manufacturing
Other Manufacturing
32 - Other manufacturing

199 jobs
Number of planned job losses
Job loss
Announcement Date
26 May 2010
Employment effect (start)
1 September 2010
Foreseen end date

Description

Medical devices manufacturing company Covidien has announced 199 redundancies at its plant in County Offaly in the Irish Midland region. The job losses are comprised of 160 permanent full-time staff and 39 temporary employees. The redundancies are to commence from this September 2010. Staff affected have been offered six weeks pay for each year of service plus their statutory entitlements.

The company says the job losses are required to ensure the long-term viability of the plant. Staff were informed that declining sales and increased competition from low-cost producers are the major reasons for the redundancies, all of which will be 'voluntary'. Covidien said it exhausted all other considerations before announcing the job cuts.


Sources

Citation

Eurofound (2010), Covidien, Internal restructuring in Ireland, factsheet number 70588, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70588.