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 (16 - 17) Manufacture of wood and paper materials 17.2 - Manufacture of articles of paper and paperboard 17.21 - Manufacture of corrugated paper, paperboard and containers of paper and paperboard
390 jobs Number of planned job losses
Announcement Date
6 January 2005
Employment effect (start)
31 August 2004
Foreseen end date
Description
Workers at a packaging factory in Blaenau Gwent are worried about their jobs after the gates were locked. A meeting of 90 workers at Papermarc Merton in Aberbeeg will be held on Thursday 9 January 2005 to discuss the future. Local MP Llew Smith said: 'It has been confirmed to me that the factory has gone into liquidation.' He said: 'We are haemorrhaging jobs in a gigantic way and the types of jobs that are coming are low income, non-union ones.' Mr Smith said he was worried after the firm's sister factory in Burnley, Lancashire, closed in August 2004 with the loss of 300 jobs.
Sources
6 January 2005: BBC News
Citation
Eurofound (2005), Papermarc Merton, Closure in United Kingdom, factsheet number 60992, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60992.
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