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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
250 jobs Number of planned job losses
Announcement Date
22 January 2004
Employment effect (start)
Foreseen end date
Description
Laurence Scott and Electromotors, which employs 250 and has operated in Norwich since the 1880s announced its future closure in January 2004. Work was to switch to sites in other parts of the country.
In April 2005 the sale of the engineering firm in Norfolk to an American businessman George Clare in a £4.1 million deal has raised hopes that jobs may be saved. It is not clear how many of the 250 threatened jobs will be safeguarded.
Sources
26 April 2005: BBC News
22 January 2004: BBC News
Citation
Eurofound (2004), Laurence Scott and Electromotors (LSE), Closure in United Kingdom, factsheet number 61470, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61470.
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