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

500 jobs
Number of planned job losses
Job loss
Announcement Date
22 October 2019
Employment effect (start)
1 January 2020
Foreseen end date
31 December 2020

Description

Molex, a US-owned electrical component manufacturer, will close its plant in Shannon, County Clare, by the end of 2020, causing 500 job losses. The decision to close the plant follows a review of the Shannon plant's production process, which is considered unsatisfactory and unprofitable. IDA Ireland Executive Director noted that their company had worked with Molex for many years to secure stable investment, but they did not reach a long-term sustainability. Thus, the closure would be implemented gradually by the end of 2020. The Minister for Business, Enterprise and Innovation is disappointed with the news of the closure and promised governmental support for the affected workers.

The Shannon plant has been in operation since 1971 and it has been one of the largest employers in the area.


Sources

Citation

Eurofound (2019), Molex Ireland, Closure in Ireland, factsheet number 98947, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98947.