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.
North East; Northumberland and Tyne and Wear; Tyneside
Location of affected unit(s)
Gateshead
Sector
Manufacturing Manufacture, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18.12 - Other printing
170 jobs Number of planned job losses
Announcement Date
25 June 2019
Employment effect (start)
Foreseen end date
Description
Printers De La Rue has announced plans to cut 170 jobs from its site in Gateshead. The firm which prints bank notes had previously also held the contract to manufacture British passports, though in 2018 this contract was awarded to a competitor. Despite this, the company did not mention the loss of the passport contract when it announced the plans to cut jobs, instead referencing the need to remain globally competitive. The Unite union commented that the loss of the passport contract raised serious concerns about the long-term future of the site in the North East. The time frame for the restructure has not yet been reported.
Eurofound (2019), De La Rue, Internal restructuring in United Kingdom, factsheet number 98055, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98055.
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