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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
210 jobs Number of planned job losses
Announcement Date
25 October 2005
Employment effect (start)
Foreseen end date
30 June 2006
Description
Economy Power Ltd (EPL) an electricity provider for small businesses has announced that it will close its Cardiff offices in 2006 with the loss of 210 jobs. The company was taken over earlier in 2005 by energy company E.ON UK.
E.ON said the decision to close the Cardiff office at the end of June 2006 followed a review of the business. In a statement, the company said it hoped employees will remain with the company until April 2005, ahead of the closure on 30 June.
Sources
25 October 2005: BBC News
Citation
Eurofound (2005), Economy Power, Merger/Acquisition in United Kingdom, factsheet number 62432, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62432.
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