250 jobs lost as Coty closes Irish Max Factor factory

250 jobs lost as Coty closes Irish Max Factor factory

Some 250 employees are set to lose their jobs as Coty moves production of Max Factor cosmetics from Ireland to England, according to a report published by The Irish Times.

Production was shut down on Monday, with staff called to a meeting where the US beauty giant was expected to announce a phased closure of the formerly Procter & Gamble-owend plant in Nenagh, Ireland.

Coty will honor Procter & Gamble’s contractual terms, offering affected employees six weeks’ redundancy pay per year of service, plus two weeks’ statutory redundancy.

The plant has been in operation since the 1980s, employing 650 people at its peak. Union leaders had hoped that the factory’s Irish location would be an advantage as the UK prepares to leave the European Union.

 

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