Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Cash-in-transit company, Brinks, is to cease its operation in Ireland, with the loss of 201 jobs.
The decision to stop operating in Ireland, due to unprofitability, comes just weeks after a restructuring agreement was secured with the SIPTU union.
An approach by outgoing Minister for Employment, Ged Nash, for the company to reconsider its decision does not appear fruitful as of the beginning of March.
Brinks is to negotiate severance terms with the SIPTU union, with the possibility of finding work in related companies the top priority.
Eurofound (2016), Brinks Ireland, Closure in Ireland, factsheet number 86632, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86632.