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.
South East; Berkshire; Buckinghamshire and Oxfordshire
Location of affected unit(s)
Banbury
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
450 jobs Number of planned job losses
Announcement Date
26 December 2006
Employment effect (start)
31 December 2006
Foreseen end date
30 September 2007
Description
The loss of hundreds of jobs at a manufacturing plant in Oxfordshire is expected to be officially announced.
German-based Hella Manufacturing Ltd, which produces car lights, announced plans to close the Banbury factory, with the loss of 450 jobs in September.
A 90-day employee consultation period has now ended and the firm plans to relocate its operation to eastern Europe in the new year.
Hella Manufacturing Ltd, which supplies Honda, Jaguar and Nissan, has said it is making the UK cuts as it responds to falling automotive retail prices and increases in both energy and material costs.
Sources
26 December 2006: BBC Website
Citation
Eurofound (2006), Hella Manufacturing Ltd, Closure in United Kingdom, factsheet number 64679, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64679.
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