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.
South East; Hampshire and Isle of Wight; Isle of Wight
Location of affected unit(s)
Newport, Isle of Wight
Sector
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.99 - Manufacture of other non-metallic mineral products n.e.c.
70 jobs Number of planned job losses
Announcement Date
3 October 2017
Employment effect (start)
Foreseen end date
Description
Gurit, a company which manufactures composite material for use in wind turbines, boats and cars, has announced that it is to cut 70 jobs from its site at Newport, Isle of Wight. The decision has been taken due to changes in the production process by the firm's customers in the wind turbine industry, who have switched to different manufacturing methods. Gurit has confirmed that other parts of the UK business will not be affected and investment will continue at the site which employs around 300 staff. Some production of turbine composites will continue though from Summer 2018 this will be at the company's site in Spain.
Sources
3 October 2017: BBC Website
Citation
Eurofound (2017), Gurit, Internal restructuring in United Kingdom, factsheet number 92318, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92318.
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