The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
550 jobs Number of planned job losses
Announcement Date
21 February 2004
Employment effect (start)
1 May 2004
Foreseen end date
Description
The firm TK-ECC which makes seat belts for cars has announced the closure of its East Belfast plant. The firm was previously known as Fisher Body and all of its 550 employees are to lose their jobs within weeks following negotiations with the unions. The Northern Ireland minister Ian Pearson, MP expressed his disappointment at the news and indicated the cause as global competition in the car industry. He added that "The priority now is to help those who have been made redundant, and ... provide counselling for those who have lost their jobs and help them to take advantage of retraining opportunities or to examine self-employment options."
Sources
21 February 2004: The Guardian
Citation
Eurofound (2004), TK ECC, Closure in United Kingdom, factsheet number 59310, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59310.
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