Cartamundi

2023 - 3 - 22

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Image courtesy of "The Irish Times"

Cartamundi to shut Waterford plant with loss of 234 jobs (The Irish Times)

Trade union officials representing workers at board game-maker Cartamundi Ireland have described as “absolutely devastating” the Belgian-headquartered ...

We would like to thank all our employees for their ongoing commitment, in particular during the uncertainty of recent months, and we thank IDA Ireland, the Irish Government, the local community, suppliers and customers for their support.” The company has been approached for further comment. The factory in Waterford has been suffering losses for many months now and this is not sustainable.” We are very proud of the quality of the work and the legacy of the plant and its people in Waterford and appreciate the efforts of everyone at the plant. President of Cartamundi’s solutions division David Germis said: “It is particularly regrettable that we plan to close our Waterford facility. The company, which was once part of US games giant Hasbro, said it will now begin consultation with Cartamundi Ireland workers, unions and state agencies as it moves to shut down the production facility.

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Image courtesy of "Irish Examiner"

Cartamundi to end board game manufacturing at Waterford plant ... (Irish Examiner)

Boardgame manufacturer Cartamundi is to cease production at its plant in Waterford due to the post-covid decline in demand for board games.

"Our immediate concern is the welfare of our employees. The factory in Waterford has been suffering losses for many months now and this is not sustainable.” Barry Morrissey said: “This is a very sad day for Cartamundi Ireland.

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Image courtesy of "BreakingNews.ie"

Board game manufacturer Cartamundi to cease operations in ... (BreakingNews.ie)

A board game manufacturing plant in Co Waterford is set to close following an announcement by the Cartamundi Group. Cartamundi Ireland's Belgian parent ...

"Sales during Covid and through 2021 were strong and peaked mid-2022. The company confirmed the plant will be closed in phases, ending in August. A board game manufacturing plant in Co Waterford is set to close following an announcement by the Cartamundi Group.

Blow for Waterford as board game manufacturer Cartamundi to close (Waterford News and Star)

IN a massive blow to Waterford, board game manufacturer Cartamundi has announced plans to close after 45 years in business. They will close down in August…

“Our immediate concern is the welfare of our employees. President of Cartamundi Solutions, David Germis said: “It is particularly regrettable that we plan to close our Waterford facility. The Belgian company has manufactured board games and other items in the Waterford plant since 2015 and currently employs 234 people.

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Image courtesy of "Independent.ie"

Fear for over 230 jobs as Cartamundi Group to close production ... (Independent.ie)

A production plant in Co Waterford, which employs more than 230 people, is set to close its doors.

“Our immediate concern is the welfare of our employees. A spokesperon said: “Sales during Covid and through 2021 were strong and peaked mid-2022. The company has been manufacturing board games and other items in the Waterford plant since 2015 and currently employs 234 people.

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Image courtesy of "WLR FM"

Cartamundi to close in Waterford after 45 years (WLR FM)

The multinational toy and board game company (formerly Hasbro and MB Ireland) has been in Waterford for 45 years, and manufactures games such as Monopoly, ...

We are very proud of the quality of the work and the legacy of the plant and its people in Waterford and appreciate the efforts of everyone at the plant. We would like to thank all our employees for their ongoing commitment, in particular during the uncertainty of recent months, and we thank IDA Ireland, the Irish Government, the local community, suppliers and customers for their support.” The factory in Waterford has been suffering losses for many months now and this is not sustainable.” Cartamundi Group says that the intention to close the factory is the result of structural overcapacity and reduced demand for board games globally post Covid. David Germis said: “It is particularly regrettable that we plan to close our Waterford facility. Cartamundi Group, headquartered in Belgium and the parent company of Cartamundi Ireland, has announced its intention to cease production at its plant in Waterford due to the post Covid decline in demand for board games.

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Image courtesy of "KCLR"

234 jobs to be lost with closure of Cartamundi factory in Waterford (KCLR)

In a statement issued this afternoon, Cartamundi Ireland said a 'post Covid decline in demand for board games' inflation and overcapacity were among the reasons ...

The announcement was made to employees at the Waterford plant on Wednesday. The company’s planning a phased wind-up but it’s due to be completely shut down by August. The company says the closure will be phased over a number of months until August and will result in 234 job losses.

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Image courtesy of "Business Plus"

234 jobs lost as Cartamundi announces Waterford closure (Business Plus)

Board and card games maker Cartamundi has announced it will shut down its operations in Waterford city, resulting in the loss of 234 jobs.

We would like to thank all our employees for their ongoing commitment, in particular during the uncertainty of recent months, and we thank Morrissey added: “This is a very sad day for Cartamundi Ireland. "It has been a source of reliable quality production and we wish to thank the management and employees for their dedication and continued application in ensuring the continuous supply of products to our customers, particularly in the recent difficult times," said Gervis.

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Image courtesy of "The Irish Times"

Cartamundi owners received almost €31m in dividends from Ireland ... (The Irish Times)

Post-Covid slump in demand for games and rising costs blamed for decision to shut factory and cut 234 jobs.

The situation has been aggravated by the increase in raw material and energy costs, which has impacted manufacturers globally,” the company said. A €2.9 million dividend payment from Ireland was approved last July after Cartamundi received €3.9 million in 2021 and €3.2 million in 2020. However, Cartamundi has told staff closure was the result of structural overcapacity and falling demand. David Germis, a Cartamundi director, said closure was “particularly” regrettable: “The factory in Waterford has been suffering losses for many months now and this is not sustainable.” Now Cartamundi, which took over the business in 2015, has blamed a post-Covid slump in demand for games and rising costs for the decision, announced yesterday, to shut the Irish factory in August. The Belgian owners of game-maker Cartamundi received almost €31 million in dividends from Ireland in the years before closing its Waterford factory with the loss of 234 jobs, corporate records reveal.

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Image courtesy of "Waterford Live"

Support of local authority pledged to Cartamundi workers losing ... (Waterford Live)

Waterford City and County Council has offered its support to workers who will lose their jobs in Cartamundi in the coming months. Mayor of Waterford, Cllr..

"The board game producer has been an integral part of Waterford’s manufacturing landscape since 1977, firstly as MB, then Hasbro and as Cartamundi since 2015. "Waterford City and County Council will be in contact with Cartimundi’s Management team to offer what support it can and will endeavour to work with various state agencies to mitigate the impact of job losses on the staff and to the local and regional economy," he said. In that time, it has brought an unbridled sense of pride to the people of Waterford as it was the home of the world’s favourite board games such as Monopoly, Trivial Pursuit and Scrabble.

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