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 Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
330 jobs Number of planned job losses
Announcement Date
27 August 2004
Employment effect (start)
Foreseen end date
Description
330 jobs are to go at Ilford Imaging in Cheshire. Nearly half the staff lost their jobs yesterday in a move aimed at stemming losses at the troubled photographic materials supplier. Receivers Grant Thornton said the 330 job cuts increased the chances of finding a buyer for the Cheshire-based firm. Redundancies were spread across all departments to trim the workforce to 400.
In February 2005 it was announced that the remaining 400 jobs had been saved after the company was bought in a management buyout. The company, which will now trade as Ilford Photo, was sold for an undisclosed sum.
Sources
28 August 2004: The Guardian
21 February 2005: BBC News
Citation
Eurofound (2004), Ilford Imaging, Closure in United Kingdom, factsheet number 60511, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60511.
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