Type
Internal restructuring
Country
Ireland
Region
Border, Midland and Western; Midland; Midland
Location of affected unit(s)
Longford
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28.92 - Manufacture of machinery for mining, quarrying and construction

170 jobs
Number of planned job losses
Job loss
Announcement Date
5 October 2016
Employment effect (start)
5 October 2016
Foreseen end date
30 June 2017

Description

Longford-based manufacturer Cameron Ireland is to close its plant by mid-2017, with the loss of 170 jobs. Cameron Ireland makes flow equipment for the oil and gas industry. About 50 of its staff in the research and development wing of the company are expected to be retained. However, the majority of its staff will lose their jobs if the decision to end manufacturing, assembly and testing activity goes ahead. The reason for the dismissals is attributed to the ongoing crisis in the oil and gas industry. 

The company is now engaging with worker representatives during the obligatory consultation phase.


Sources

  • 5 October 2016: The Irish Times
  • 5 October 2016: Irish Examiner

Citation

Eurofound (2016), Cameron Ireland , Internal restructuring in Ireland, factsheet number 88804, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88804.