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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.01 - Computer programming activities
150 jobs Number of planned job losses
Announcement Date
17 February 2015
Employment effect (start)
Foreseen end date
Description
Software company, Dytecna, has stopped trading resulting in the loss of 150 jobs. The company designs and manufactures software equipment and the majority of its trade was related to contracts in the defence sector. The company, which is based in Malvern, Worcestershire, entered administration in early February 2015. Administrators were unable to find a way to enable the company to continue. The company also has sites in Fareham, Hampshire and in Welshpool, Powys. It is understood that 95 job losses will be at the Malvern site with remaining job losses coming from the other two sites.
Sources
17 February 2015: BBC Website
17 February 2015: Worcester News
Citation
Eurofound (2015), Dytecna, Bankruptcy in United Kingdom, factsheet number 78593, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78593.
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