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.
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
106 jobs Number of planned job losses
Announcement Date
15 December 2008
Employment effect (start)
1 March 2009
Foreseen end date
Description
Stadco, a firm supplying car parts to Jaguar, BMW, Ford amongst others , is to cut 106 jobs at its Llanfyllin site in Wales. The cuts are blamed on the current economic downturn and the falling customer demand. The company committed not to proceed with any compulsory redundancies before March 2009 while there are ongoing consultations with staff and union officials.
Sources
15 December 2008: BBC News UK
Citation
Eurofound (2008), Stadco, Internal restructuring in United Kingdom, factsheet number 67690, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67690.
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