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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.20 - Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers
1,200 jobs Number of planned job losses
Announcement Date
25 September 2019
Employment effect (start)
Foreseen end date
Description
Wrightbus, a Ballymena based bus manufacturer, has filed for insolvency and announced 1,200 job cuts. Around 50 workers will be kept on in the interim. The company, which was founded in 1946, manufactures Routemaster buses for the UK market, however, their market has been getting smaller in the recent years as a result of growing competition with manufacturers of electric vehicles. Due to financial pressures, Wrightbus had been seeking either new investment or a new owner, though it was ultimately not able to secure any additional funding. The Unions have called for the UK government to intervene. The timeframe for the redundancies has not been announced.
Eurofound (2019), Wrightbus, Bankruptcy in United Kingdom, factsheet number 98950, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98950.
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