Type
Closure
Country
Ireland
Region
Southern and Eastern;
Location of affected unit(s)
Rathkeale, Co Limerick
Sector
Manufacturing
Manufacturing Of Furniture And Other Manufacturing
Other Manufacturing
32.1 - Manufacture of jewellery, bijouterie and related articles
European Globalisation Fund (EGF)
Year: 2014, Case number: 7

169 jobs
Number of planned job losses
Job loss
Announcement Date
6 September 2013
Employment effect (start)
23 September 2013
Foreseen end date
1 December 2013

Description

Jewellery manufacturer, Andersen, closed its facility in late 2013, following its parent operation in Austria becoming insolvent in 2012.

The plant employed 169 people, many of whom had long service.

Andersen Ireland went into formal liquidation on September 23, 2013, with a wind down of the facility afterwards. 

Staff had taken a 5% pay cut in 2011 and had been working shorter working weeks before the closure announcement.

Following the closure, the Irish Government sought assistance from the European Globalisation Adjustment Fund (EGF).


Sources

  • 2 November 2014: Limerick Leader
  • 11 September 2013: IRN
  • 6 September 2013: Limerick Leader

Citation

Eurofound (2013), Andersen, Closure in Ireland, factsheet number 77839, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77839.