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.
West Midlands; West Midlands; Walsall and Wolverhampton
Location of affected unit(s)
Walsall
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
292 jobs Number of planned job losses
Announcement Date
19 December 2008
Employment effect (start)
Foreseen end date
Description
Wagon Automotive, a company manufacturing car parts, is to cut 292 jobs at its site in Walsall. The company has announced that it is to close down the plant due to falling demand and increased competition from low cost car part makers. The company went into administration earlier this month and the cuts were decided after the administrators failed to find a buyer for the business. As of 19 December 2008 there is no information on when the job losses will occur.
Sources
19 December 2008: BBC News UK
Citation
Eurofound (2008), Wagon Automotive, Bankruptcy in United Kingdom, factsheet number 67687, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67687.
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