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)
Cwmbran (Torfaen)
Sector
Manufacturing (31) Manufacture of furniture 31 - Manufacture of furniture 31 - Manufacture of furniture
240 - 244 jobs Number of planned job losses
Announcement Date
19 June 2009
Employment effect (start)
Foreseen end date
31 December 2010
Description
Contour, a manufacturer of aircraft seats, is to cut up to 244 jobs from its Cwmbran and Torfaen plants in Wales by the end of 2010. The announced redundancies are part of wider cost-cutting initiatives aimed at securing the firms's competitiveness. The company stated that a consultation period would follow as an attempt to mitigate as much of the impact on staff as possible.
Sources
19 June 2009: BBC News
Citation
Eurofound (2009), Contour, Internal restructuring in United Kingdom, factsheet number 69116, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69116.
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