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)
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
650 jobs Number of planned job losses
Announcement Date
29 June 2005
Employment effect (start)
Foreseen end date
31 March 2006
Description
The electronics giant Sony is to close its south Wales manufacturing plant with the loss of 650 jobs because of falling sales of traditional-style TVs. Four hundred jobs will be lost when the factory in Bridgend - where cathode ray tubes (CRT) are made - shuts down by March 2006. Another 250 will be lost at the firm's Pencoed assembly plant nearby.
In its heyday, the plants employed more than 4,000 people, but this number had dwindled to around 900 before the announcement. The Japanese firm blamed the growth in demand for flat-screen televisions instead of its CRT models. The firm had already announced 300 job losses at the south Wales plants in January 2005.
Sources
29 June 2005: BBC News
Citation
Eurofound (2005), Sony, Closure in United Kingdom, factsheet number 61813, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61813.
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