AB Automotive

Type
Closure
Country
United Kingdom
Region
Wales; South East Wales; Cardiff and Vale of Glamorgan
Location of affected unit(s)
Cardiff
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
157 jobs
Number of planned job losses
Job loss
Announcement Date
7 July 2008
Employment effect (start)
1 June 2008
Foreseen end date
30 December 2008

Description

Car parts manufacturer AB Automotive has said that it is ceasing production at its Cardiff plant with the loss of 157 jobs by the end of 2008. The company announced that the factory was no longer viable as a result of more foreign competition, and that the financial results of the operation in Cardiff had deteriorated over the past two years. The companies directors announced that despite the many efforts of the management of the company it was unable to make production in Cardiff viable.

Sources

  • 7 July 2008: BBC Website

Citation

Eurofound (2008), AB Automotive, Closure in United Kingdom, factsheet number 66829, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66829.