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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
150 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66116.
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