Horseware Ireland in Dundalk. Pic: Google Maps
Horseware Ireland is set to make over 50 staff redundant in a reshuffling of operations in Dundalk, with the company planning on winding down both production and warehousing facilities in town.
The announcement was made this morning by the company, saying that it plans to open a new global headquarters in Dublin near the airport.
A total of 51 redundancies have been announced so far by the company.
Plans to wind down production in Dundalk are set to happen within the next six months, with staff being informed of the decision last week.
Up to 33 redundancies in production are set to be made by the company, alongside 18 redundancies in warehousing that were already decided upon in May this year.
The 18 redundancies in warehousing are set to be complete by the end of the year, with six months of notice being given.
A spokesperson said that these redundancies were made to reorganise distribution operations in Europe and to be closer to customers abroad.
The spokesperson also said that appropriate departure packages have been agreed for the 18 staff members.
In a statement this morning, Horseware Ireland said that the redundancies would take place over the next six months and that assistance will be provided to staff being let go.
"The company is consulting directly with staff to see how best these necessary changes can be made, discussing this directly with them (individually and collectively) and will be most sensitive to the potential effects of this development for them," said a spokesperson for Horseware Ireland.
Horseware has said that they expect 44 office-based management, administration and marketing staff to transfer to the company's new headquarters in Dublin.
In a statement this morning, CEO of Horseware Ireland Mark Saunders said that the restructuring operation is about ensuring the company stays competitive.
"From time to time, even successful businesses like ours must recalibrate operations to ensure that we will stay competitive for the future, and that is what our current development is about," said Mr Saunders.
"We are acutely conscious that this development will affect some of our deeply valued colleagues and we will support and assist each person to the maximum possible over an extended period of time towards March 2022 when we anticipate the conclusion of this necessary realignment.”
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