Vivergo Fuels

Type
Closure
Country
United Kingdom
Region
Yorkshire and The Humber; East Yorkshire and Northern Lincolnshire; Kingston upon Hull, City of
Location of affected unit(s)
Hull
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20.5 - Manufacture of other chemical products
20.5 - Manufacture of other chemical products
150 jobs
Number of planned job losses
Job loss
Announcement Date
6 September 2018
Employment effect (start)
Foreseen end date
30 September 2018

Description

Vivergo Fuels, which specialises in biofuels, has announced plans to close its plant at Saltend near Hull with the loss of 150 jobs. Reportedly, the closure is expected to have knock-on effects on the local businesses which supply feed wheat to Vivergo and may, directly or indirectly, affect up to 3,000 jobs. The business which had reopened in April 2018, following a temporary shutdown in November 2017, has entered into statutory consultation over the proposals. According to a spokesperson for Vivergo, the lack of government support for biofuels has been at the heart of the decision to close down. Production is due to stop at the end of September 2018. 

Citation

Eurofound (2018), Vivergo Fuels, Closure in United Kingdom, factsheet number 95390, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95390.