The Wood Group

Type
Closure
Country
United Kingdom
Region
South West (England); North Somerset, Somerset and Dorset; Somerset
Location of affected unit(s)
Baldovie
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
150 jobs
Number of planned job losses
Job loss
Announcement Date
13 December 2007
Employment effect (start)
Foreseen end date

Description

Wood Group, an international energy services company, has announced that it is to close its plant producing repairs to gas turbines in Baldovie (Dundee) with a loss of approximately 150 jobs. However, the exact number of job cuts has not been confirmed yet. The plant currently employs 159 people.

The company announced that its decision to close the plant was in light of high levels of international competition, the strong pound and a decline in work. A 90 day consultation is under way with staff at the facility and the company has promised to try to minimise compulsory redundancies.

Sources

  • 13 December 2007: BBC Website

Citation

Eurofound (2007), The Wood Group, Closure in United Kingdom, factsheet number 66116, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66116.