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.
Cwmbran(South Wales) Bath (South West) Reading (South East)
Sector
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10 - Manufacture of food products
241 jobs Number of planned job losses
Announcement Date
13 October 2005
Employment effect (start)
Foreseen end date
Description
Go Foods, whose headquarters are in Cwmbran, South Wales has gone into administration. The company which employs 135 people in south Wales is part of a group which includes other companies, and two smaller plants at Bath and Reading, employing a further 106 people, have also closed. Production has stopped and the majority of the workforce was laid off before administrators KPMG were appointed on Wednesday. Jonathan Pope, joint administrator and director at KPMG, said: 'The company had expanded through several mergers and acquisitions but unfortunately the new group has not proved to be financially viable. Neil Taylor of the Federation of Small Businesses Wales said small companies were under enormous pressure, particularly with supermarkets following a 'very aggressive policy' of sourcing food cheaply.
Sources
13 October 2005: BBC News
Citation
Eurofound (2005), Go Foods, Closure in United Kingdom, factsheet number 62402, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62402.
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