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.
Mining / Quarrying Mining And Quarrying Other Mining And Quarrying 08.91 - Mining of chemical and fertiliser minerals
230 jobs Number of planned job losses
Announcement Date
4 January 2018
Employment effect (start)
1 July 2018
Foreseen end date
Description
Cleveland Potash Limited has announced plans to cut 230 jobs at its site in Boulby, near Redcar. The company will cease mining potash and instead begin producing the alternative polyhalite fertiliser. The company has informed staff of the intended changes and has opened consultation with the trade unions.
Although the firm has suggested that the changes mean that the business has a long-term future, local politicians and unions expressed concern at the scale of the job losses. Potash mining will end in the summer of 2018, and the job losses will take effect from that point.
As of January 2018, around 700 staff work at the site in Boulby.
Sources
4 January 2018: BBC Website
4 January 2018: Gazette Live
Citation
Eurofound (2018), Cleveland Potash Limited, Internal restructuring in United Kingdom, factsheet number 93073, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93073.
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