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.
Yorkshire and the Humber; East Yorkshire and Northern Lincolnshire; Kingston upon Hull, City of
Location of affected unit(s)
Sector
Manufacturing (20 - 21) Manufacture of chemicals and pharmaceuticals 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations 21.10 - Manufacture of basic pharmaceutical products
250 jobs Number of planned job losses
Announcement Date
18 December 2012
Employment effect (start)
Foreseen end date
Description
Healthcare company Seven Seas has announced that it is to close its factory in Hull. The move will mean 250 job losses at the company. The company announced its intention to close the factory before the conclusion of the 90 day consultation period with staff.
The company will be shut down in phases over the next two-three years.
Sources
18 December 2012: BBC Website
Citation
Eurofound (2012), Seven Seas, Closure in United Kingdom, factsheet number 74755, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74755.