Weldon Plant

Type
Internal restructuring
Country
United Kingdom
Region
East Midlands (England); Leicestershire, Rutland and Northamptonshire; North Northamptonshire
Location of affected unit(s)
Corby
Sector
Construction
43 - Specialised construction activities
43 - Specialised construction activities
43 - Specialised construction activities
100 jobs
Number of planned job losses
Job loss
Announcement Date
10 September 2010
Employment effect (start)
Foreseen end date

Description

Weldn Plant, a Northamptonshire construction firm has gone into administration with the loss of 100 jobs. The firm said the companies financial difficulties stem from is Royal Bank of Scotland (RBS) overdraft being cut from £3.15m to £2.2m. The company traded for 30 years and built many public parks and open spaces.

Sources

  • 10 September 2010: BBC Website

Citation

Eurofound (2010), Weldon Plant, Internal restructuring in United Kingdom, factsheet number 70938, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70938.