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.
West Midlands; West Midlands; Walsall and Wolverhampton
Location of affected unit(s)
Walsall
Sector
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
New offshoring locations
Not Available
100 jobs Number of planned job losses
Announcement Date
21 October 2004
Employment effect (start)
Foreseen end date
Description
IR Security and Safety is to shed 100 jobs and move production overseas. The company is a major provider of door furniture, locks, electronic access control and door controls and employs 232 people at the Walsall site. The security firm confirmed it is in consultation with employees, trade unions and staff about restructuring. The firm, part of US-based Ingersoll-Rand, blames the cuts on "price pressure" caused by trying to compete with increasingly cheap imports. The losses will not affect the firm's three other UK sites in Leamington Spa, Gateshead and Sittingbourne in Kent.
Sources
21 October 2004: BBC News
Citation
Eurofound (2004), IR Security and Safety, Offshoring/Delocalisation in United Kingdom, factsheet number 60780, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60780.
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