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 of England; Bedfordshire and Hertfordshire; Hertfordshire
Location of affected unit(s)
Welwyn Garden City
Sector
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10.61 - Manufacture of grain mill products
370 jobs Number of planned job losses
Announcement Date
14 September 2005
Employment effect (start)
1 September 2007
Foreseen end date
Description
Cereal Partners are to close the first Shredded Wheat factory to be built in the UK. The Grade II listed factory in Welwyn Garden City, Herts, will close in 2007 - with the loss of 370 jobs. Breakfast cereals have been produced at the site since 1926. Parent firm Cereal Partners said production of the cereal would be moved to their factory in Staverton, Wilts. A spokesman for the firm said the move was regrettable but that 'Lower manufacturing costs can only be achieved with fewer factories.'
Sources
14 September 2005: BBC News
Citation
Eurofound (2005), Cereal Partners, Relocation in United Kingdom, factsheet number 62236, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62236.
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