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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17.21 - Manufacture of corrugated paper and paperboard and of containers of paper and paperboard
390 jobs Number of planned job losses
Announcement Date
6 January 2005
Employment effect (start)
31 August 2004
Foreseen end date
Description
Workers at a packaging factory in Blaenau Gwent are worried about their jobs after the gates were locked. A meeting of 90 workers at Papermarc Merton in Aberbeeg will be held on Thursday 9 January 2005 to discuss the future. Local MP Llew Smith said: 'It has been confirmed to me that the factory has gone into liquidation.' He said: 'We are haemorrhaging jobs in a gigantic way and the types of jobs that are coming are low income, non-union ones.' Mr Smith said he was worried after the firm's sister factory in Burnley, Lancashire, closed in August 2004 with the loss of 300 jobs.
Sources
6 January 2005: BBC News
Citation
Eurofound (2005), Papermarc Merton, Closure in United Kingdom, factsheet number 60992, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60992.
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