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.
Yorkshire and the Humber; East Riding and North Lincolnshire; Kingston upon Hull
Location of affected unit(s)
Hull
Sector
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.59 - Manufacture of other chemical products n.e.c.
150 jobs Number of planned job losses
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.
Sources
Citation
Eurofound (2018), Vivergo Fuels, Closure in United Kingdom, factsheet number 95390, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95390.
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