Coty (Formerly P&G) is to close its Nenagh plant by October 2018 with the loss of over 200 jobs.
The announcement was made at a management meeting this morning where staff were informed of the decision.
Coty have released the following statement:
“Today we have announced proposed changes to our international manufacturing network, subject to board approval, including our cosmetics operation in Nenagh. These proposals are the result of a detailed study of our global manufacturing capacities and capabilities for each of our divisions following the merger with P&G Specialty Beauty brands and with the objective to enable our future growth.
As a result of this study we are proposing to consolidate our cosmetics operations into two core centres which will result in the closure of the Nenagh plant. Specific timelines are still under consideration and subject to consultation, but we propose to complete the Nenagh volume transition by the end of calendar year 2018. It is anticipated that, subject to consultation, approximately 200 roles will be affected in Nenagh.”