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.
Retail Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles 45 - Wholesale and retail trade and repair of motor vehicles and motorcycles
550 jobs Number of planned job losses
Announcement Date
6 October 2008
Employment effect (start)
6 October 2008
Foreseen end date
6 October 2008
Description
LSUK Lucas, a company that supplies car parts and automotive services, has gone into administration and made 550 of its 600 employees redundant. The company had 53 branches across the UK, and also a head office in Sheffield, and only a skeleton staff of 50 currently remains. In addition to its branch network, LSUK Lucas also owns subsidiary companies M I Diesel Products, Protech Automotive (UK) and Yeovil Rewind. LSUK Lucas had been purchased by Euro Car Parts (ECP) from holding company Pinco 1555 Ltd less than one week previously.
Sources
6 October 2008: BBC News
Citation
Eurofound (2008), LSUK Lucas, Closure in United Kingdom, factsheet number 67211, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67211.
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