Ibstock Brick

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23.2 - Manufacture of refractory products
23.32 - Manufacture of bricks, tiles and construction products, in baked clay
375 jobs
Number of planned job losses
Job loss
Announcement Date
3 June 2020
Employment effect (start)
Foreseen end date

Description

Ibstock Brick, the British brick manufacturer has announced that it will cut 375 jobs, approximately 15 per cent of its workforce, as part of a restructuring plan. 

A statement by the company said that the restructuring was necessary to compensate for the negative effect of the COVID-19 pandemic on the construction sector. Sales of the company's products had decreased by 75 per cent since the beginning of April.

Ibstock Brick is the biggest brick maker in the UK, which also operates in the United States. The UK’s second largest brick maker, Forterra, has announced redundancies on the same day.

Sources

Citation

Eurofound (2020), Ibstock Brick, Internal restructuring in United Kingdom, factsheet number 101257, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101257.