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; Monmouthshire and Newport
Location of affected unit(s)
Newport
Sector
Manufacturing (24 - 25) Manufacture of metals 24.4 - Manufacture of basic precious and other non-ferrous metals 24.42 - Aluminium production
440 jobs Number of planned job losses
Announcement Date
4 March 2009
Employment effect (start)
4 March 2009
Foreseen end date
30 April 2009
Description
Novelis, an aluminium factory, is to close its plant in Newport with the loss of all 440 jobs. The company has attributed the closure to a decline in orders. The factory will close by the end of April 2009.
Sources
4 March 2009: BBC News
Citation
Eurofound (2009), Novelis, Closure in United Kingdom, factsheet number 68453, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68453.