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 Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.93 - Manufacture of carpets and rugs
135 jobs Number of planned job losses
Announcement Date
15 April 2005
Employment effect (start)
Foreseen end date
Description
Hugh MacKay Carpets has gone out of business with the loss of 135 jobs. The County Durham firm called in the administrators in March 2005 hoping to find a buyer but these efforts have failed. Cut-price competition has been blamed for the firm's collapse. Nick Halton, regional organiser for the TGWU union said ‘The workers have had no notice and they are entitled to consultation over redundancies. We are looking at this matter with our legal advisors.' Attempts are still being made to find a buyer for the company's carpet designs.
Sources
15 April 2005: BBC News
Citation
Eurofound (2005), Hugh MacKay Carpets, Closure in United Kingdom, factsheet number 61434, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61434.
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