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.
East Midlands; Derbyshire and Nottinghamshire; Nottingham
Location of affected unit(s)
Sutton in Ashfield
Sector
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14.14 - Manufacture of underwear
300 jobs Number of planned job losses
Announcement Date
28 April 2005
Employment effect (start)
Foreseen end date
Description
Sara Lee Courtaulds factory, formerly known as Pretty Polly, has confirmed it is to close in Sutton in Ashfield. The 300 jobs at the plant manufacturing hosiery products will be lost with some slight hopes that some can be saved through the intervention of an independent consultant. Managers at the firm blamed cheap foreign imports from the Far East for making the factory in Nottinghamshire too expensive to run.
Sources
28 April 2005: BBC News
Citation
Eurofound (2005), Sara Lee Courtaulds, Closure in United Kingdom, factsheet number 61483, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61483.
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