There are fears for the future of hundreds of jobs in Nenagh, County Tipperary.
Staff at the Coty plant have been called to a meeting at 12 noon today – while local Councillors have been told to “expect the worst”.
In 2015 the cosmetics manufacturer took over the Proctor and Gamble facility on the Gortlandroe Industrial Estate in Nenagh – which had been in operation there since 1978.
The deal which was worth almost 12 billion euro saw Coty acquire such brands as Hugo Boss, Gucci and Max Factor. However there was a number of concerns about the takeover including pension rights and last year the Labour Court recommended the staff receive a once off loyalty payment.
Today’s meeting at noon follows a company sourcing study and there are fears that staff will be informed that production in Nenagh will cease over the next 18 months with the jobs being moved to the UK.
Its understood local Councillors were briefed about the situation at Coty following their monthly meeting yesterday and told by officials at the local authority to expect the worst.