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.
Wales; West Wales and The Valleys; Bridgend and Neath Port Talbot
Location of affected unit(s)
Pencoed and Bridgend
Sector
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
300 jobs Number of planned job losses
Announcement Date
19 January 2005
Employment effect (start)
Foreseen end date
Description
Around 300 workers are to lose their jobs at two Sony plants in south Wales, the company has announced. The electronics firm announced that 220 jobs would be lost at Pencoed and 80 at nearby Bridgend. Sony makes cathode ray tubes at its Bridgend factory and the nearby Pencoed plant puts them into TV sets for the UK market. But the company said the accelerating trend to flat-screen televisions had hit demand for the products. Sony will remain a major employer in the Bridgend area with 1,200 workers remaining at the two factories. Welsh Economic Development Minister, Andrew Davies, said help would be provided for the workers affected by the Sony job cuts.
Sources
20 January 2005: BBC News
Citation
Eurofound (2005), Sony, Internal restructuring in United Kingdom, factsheet number 61030, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61030.
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