Restructuring events
European Restructuring Monitor (ERM)
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.
A total of 250 jobs could be lost if the Innovia Films production site in Bridgwater is closed.
The company says it has started a three-month consultation process with employees and unions on the future of the plant.
Workers marched through Bridgwater to mark their opposition to the proposed closure.
The Bridgwater plant was opened by British Cellophane in 1937. In the late 1970s it produced 40,000 tonnes of cellophane packaging film a year, and employed 3,000 people. It was acquired by UCB Films (now Innovia Films) in 1996. Innovia is proposing to close the plant because it says the capacity at its other two sites is ‘more than sufficient' to meet demand.
Eurofound (2005), Innovia Films, Closure in United Kingdom, factsheet number 61234, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61234.