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 29.3 - Manufacture of parts and accessories for motor vehicles
220 jobs Number of planned job losses
Announcement Date
16 December 2004
Employment effect (start)
Foreseen end date
31 March 2005
Description
Up to 220 jobs are going at a south Wales firm Yuasa Batteries in Ebbw Vale. The jobs were expected to be cut by March 2005. The Japanese-owned firm, which opened its south Wales plant in 1981, employs 530 people at the site. On 10 December 2004, Yuasa blamed the job losses on 'increasing pricing and cost pressure'. 'There have been huge increases in the cost of raw materials and essential utilities such as electricity and gas, factors which are largely out of the control of the company'. Yuasa would now concentrate on manufacturing lower volume, higher value products while looking to import high volume, lower value products from its factories in the Far East, the company said.
Sources
17 December 2004: BBC News
Citation
Eurofound (2004), Yuasa Batteries, Internal restructuring in United Kingdom, factsheet number 60912, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60912.
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