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.
Wales; South East Wales; Central Valleys and Bridgend
Location of affected unit(s)
Maesteg
Sector
Manufacturing (20 - 21) Manufacture of chemicals and pharmaceuticals 20.4 - Manufacture of washing, cleaning and polishing preparations 20.42 - Manufacture of perfumes and toilet preparations
263 - 389 jobs Number of planned job losses
Announcement Date
28 November 2008
Employment effect (start)
28 November 2008
Foreseen end date
19 December 2008
Description
Budelpack COSi, a cosmetics company, has announced that 263 workers at their plant in Maesteg in Bridgend have been made redundant. The company is currently in administration and if a buyer is not found by 19 December 2008 then the site will close with the loss of the remaining 126 positions at the site.
Sources
28 November 2008: BBC News
Citation
Eurofound (2008), Budelpack COSi, Closure in United Kingdom, factsheet number 67526, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67526.
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