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.
Wales; West Wales and The Valleys; Central Valleys
Location of affected unit(s)
Caerphilly
Sector
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Publishing Activities 58.1 - Publishing of books, periodicals and other publishing activities
210 jobs Number of planned job losses
Announcement Date
21 February 2005
Employment effect (start)
Foreseen end date
Description
St Ives Caerphilly a printing factory in south Wales is to close, with the loss of 210 jobs. The company blamed difficult trading conditions and said its plant in Ystrad Mynach had made a £1.8 million loss. Work from the factory, which prints magazines and paperback books, will move to the company's four other plants in the UK. Titles printed by the group, which also has plants in Andover, Peterborough, Plymouth and Roche in Cornwall, have included Harry Potter, Hillary Clinton's autobiography and the book behind the Atkins Diet phenomenon.
Sources
22 February 2005: The Guardian
21 February 2005: BBC News
Citation
Eurofound (2005), St Ives Caerphilly, Closure in United Kingdom, factsheet number 61147, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61147.
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