Gelpack

Type
Bankruptcy
Country
United Kingdom
Region
West Midlands (England); Herefordshire, Worcestershire and Warwickshire; Herefordshire, County of
Location of affected unit(s)
Hereford
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22.2 - Manufacture of plastic products
22.22 - Manufacture of plastic packing goods
175 jobs
Number of planned job losses
Job loss
Announcement Date
8 August 2017
Employment effect (start)
Foreseen end date

Description

Hereford packaging company Gelpack has entered administration and announced 175 redundancies. The business, which manufactures plastic packaging products for a variety of customers, had been under recent pressure and required further funding to be able to continue. Administrators KPMG have confirmed that a buyer is still being sought for the business, but they have taken the decision to announce 175 redundancies. The firm will continue trading in the interim period, with a skeleton staff being kept on to fulfil existing orders. 

Sources

  • 8 August 2017: BBC Website
  • 4 August 2017: BBC Website

Citation

Eurofound (2017), Gelpack, Bankruptcy in United Kingdom, factsheet number 91704, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91704.