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

106 jobs
Number of planned job losses
Job loss
Announcement Date
13 July 2010
Employment effect (start)
13 July 2010
Foreseen end date
13 July 2010

Description

The B3 Cable Solutions plant located in Longford, in the Irish Midlands, is to close, with all 106 workers losing their jobs. The cable company, which manufactured copper cable for telecommunications company Eircom and other customers, had gone into receivership. The receiver has been unable to sell the company as a going concern and so the plant has had to go into liquidation and close.


Sources

Citation

Eurofound (2010), B3 Cable Solutions, Bankruptcy in Ireland, factsheet number 70701, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70701.