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.
Yorkshire and the Humber; West Yorkshire; Calderdale
Location of affected unit(s)
Castleford
Sector
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
300 jobs Number of planned job losses
Announcement Date
4 March 2005
Employment effect (start)
Foreseen end date
Description
A chemical plant with a 90-year history in a West Yorkshire town is to close with the loss of more than 300 jobs. C6 Solutions, formerly known as Hickson and Welch, has blamed the weak US dollar and strong international competition for the decision.
The 140-acre site in Castleford will be closed over a phased period as existing contracts are honoured.
Chief executive John Markham, said: ‘As a UK based manufacturer with customers almost wholly overseas, our trading has been impacted significantly by the weakness of the US dollar. In turn, this has assisted our overseas competitors, particularly low cost producers in the Far East and South East Asia, to take an increasing share of the markets we serve.'
Sources
4 March 2005: BBC News
Citation
Eurofound (2005), C6 Solutions, Closure in United Kingdom, factsheet number 61233, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61233.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
