Essentra

Type
Closure
Country
United Kingdom
Region
Wales; South East Wales; Monmouthshire and Newport
Location of affected unit(s)
Newport
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.2 - Manufacture of articles of paper and paperboard
17.21 - Manufacture of corrugated paper, paperboard and containers of paper and paperboard
150 jobs
Number of planned job losses
Job loss
Announcement Date
27 July 2017
Employment effect (start)
Foreseen end date
31 December 2017

Description

Packaging company Essentra has announced plans to close its operations in Newport. The decision comes after the company reported losses, despite receiving financial support from the Welsh Government. Management argued that it did not expect profitability to improve. The business, which primarily makes gift boxes for the retail sector, employs 150 people at the site. The statutory consultation period is reported to be underway, with closure scheduled for the end of 2017. The decision does not affect the company's other site in the city which manufactures labels. 

Sources

  • 27 July 2017: BBC Website

Citation

Eurofound (2017), Essentra, Closure in United Kingdom, factsheet number 91686, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91686.