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.
East Midlands; Leicestershire; Rutland and Northamptonshire
Location of affected unit(s)
Loughborough
Sector
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.30 - Manufacture of steam generators, except central heating hot water boilers
270 jobs Number of planned job losses
Announcement Date
1 February 2018
Employment effect (start)
Foreseen end date
Description
The Brush Group has announced plans to cut 270 jobs from its site in Loughborough. The firm, which manufactures generators, and has been based in the town for 125 years has made the decision to downsize due to fall in demand for its products. Currently 500 people are employed at the site in Loughborough out of a total of 790 across the UK. A statutory period of consultation over the job losses will apply. The Brush Group has confirmed that it intends to maintain research and development and engineering departments at Loughborough.
Sources
1 February 2018: BBC Website
1 February 2018: Leicester Mercury
Citation
Eurofound (2018), Brush Group, Internal restructuring in United Kingdom, factsheet number 93187, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93187.
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