Greenwoods Communications

Type
Bankruptcy
Country
United Kingdom
Region
South East (England); Berkshire, Buckinghamshire and Oxfordshire; Buckinghamshire
Location of affected unit(s)
Coleshill
Sector
Professional Services
71 - Architectural and engineering activities; technical testing and analysis
71.1 - Architectural and engineering activities and related technical consultancy
71.12 - Engineering activities and related technical consultancy
242 - 268 jobs
Number of planned job losses
Job loss
Announcement Date
26 July 2013
Employment effect (start)
26 July 2013
Foreseen end date

Description

Greenwoods Communications has made more than 240 staff redundant. The company is closing its Coleshill plant in Warwickshire because of cashflow problems. About 26 employees are being kept on the site in order to assist with the closure. Staff would be remunerated until the end of July and will also receive redundancy payments.

Sources

  • 26 July 2013: BBC News

Citation

Eurofound (2013), Greenwoods Communications, Bankruptcy in United Kingdom, factsheet number 75750, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75750.