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 Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.42 - Aluminium production
390 jobs Number of planned job losses
Announcement Date
2 July 2009
Employment effect (start)
Foreseen end date
30 September 2009
Description
Anglesey Aluminium, an aluminium company, is to cut 140 jobs from its plant in Holyhead, Wales. The cuts were blamed on the failure of the company to achieve a new power deal on cheap electricity supplies. The job losses will be implemented through voluntary redundancies by the end of September 2009.
UPDATE on 16/07/09: Anglesey Aluminium has announced 250 job cuts in addition to the 140 redundancies that were previously announced. The company and trade union Unite announced in a joint statement that aluminum production there will end in September because the plant was no longer viable. Earlier this month the firm was offered and rejected £48m in UK government aid because it was not enough for the company, Wales' biggest electricity consumer, to break even.
Sources
16 July 2009: BBC News
2 July 2009: BBC News
Citation
Eurofound (2009), Anglesey Aluminium, Internal restructuring in United Kingdom, factsheet number 69205, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69205.
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