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)
Margam
Sector
Manufacturing (29 - 30) Manufacture for transport equipment 29.3 - Manufacture of motor vehicle parts and accessories 29.3 - Manufacture of motor vehicle parts and accessories
110 jobs Number of planned job losses
Announcement Date
9 December 2008
Employment effect (start)
1 January 2009
Foreseen end date
30 June 2010
Description
Bogwarner, a company manufacturing car parts, is to close down its Margam factory in Wales with the loss of 110 jobs. The company blamed the global economic downturn for the losses, which will be implemented gradually within the next 18 months (from January 2009 to mid 2010).
Sources
9 December 2008: BBC News UK
Citation
Eurofound (2008), Borg Warner, Closure in United Kingdom, factsheet number 67631, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67631.