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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.25 - Manufacture of non-domestic cooling and ventilation equipment
150 jobs Number of planned job losses
Announcement Date
13 July 2017
Employment effect (start)
Foreseen end date
Description
Redring Xpelair Group has announced plans to cut 150 jobs from its operations in Peterborough. The company which manufactures ventilation systems employs 190 at the site in manufacturing, warehousing and office functions. It is expected that the manufacturing will relocate to Ireland and the warehousing and distribution will move to Burnley in the North West. The proposals will see the Peterborough site close in January 2018. A formal consultation between management and trade union representatives was announced when the plans were revealed.
Sources
13 July 2017: Peterborough Today
Citation
Eurofound (2017), Redring Xpelair Group, Internal restructuring in United Kingdom, factsheet number 91655, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91655.
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